Jake's View | Signs mounting of traditional build-up to serious financial crisis, which is just being put off with another bout of easy credit
Despite the President’s call to shutdown overcapacity we are still seeing
crude steel production at all time record, and ports clogged with record inventories of iron ore
It [communist party journal Study Times] also said Xi [Jinping] used to carry 100 kg loads of wheat on one shoulder along a 5 km stretch of mountainous road.
Sunday Morning Post
- July 30
And that’s why they call him a strongman. It makes you wonder why he should be satisfied with the presidency of China when his country might long ago have entered him as its champion in the Crossfit Games.
What interests me more, however, in this report we carried of his early life is his unshakeable confidence in the Communist Party. I certainly cannot be the first person to ask whether his early career was perhaps lived in too narrow an intellectual cradle for the understandings he must master as president.
I particularly ask it because of his remarks at a financial work conference earlier this month in which we he told financial regulators they must anticipate and tackle risks that could lead to financial crises, such as those that sparked the stock market rout of 2015.