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Chinese loan officers are finding themselves torn between conflicting policy goals. Beijing wants the country's commercial banks to help fund infrastructure spending to support cooling growth, but isn't relaxing a campaign to cut a US$290 billion pile of bad debt. They also need to somehow remain profitable. First-half earnings show the pressure is pushing them headlong into consumer lending

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American lawmakers are currently debating a bill that would create a new U.S. development finance agency with a $60 billion war chest. Supporters say the new entity would be a transparent alternative to China’s Belt and Road infrastructure program. If approved by the Senate, the institution would be the latest component of Washington’s Indo-Pacific strategy.

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https://www.wsj.com/articles/dallas-fed-president-too-soon-for-fed-to-consider-cutting-rates-11553679121

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