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Emerging markets are in far greater danger of a financial crisis than their developed peers, and Hong Kong has the most to fear, according to an update of Nomura Singapore Limited’s collection of early-warning indicators.

Hong Kong and China are the only constituencies in grave danger of a financial crisis or sharp drop in domestic demand in the next three years, with the red flags more prominent for Hong Kong than even during the peak of the Asian financial crisis in 1997-98, according to the research note published Wednesday by Nomura’s Rob Subbaraman and Michael Loo.

OTHER NEWS

Donald Trump and Kim Jong Un’s landmark summit on June 12 has spurred hope that North Korea may finally open its economy. That could also be a boon for economists, who know next to nothing about how it actually works. North Korea stopped releasing detailed statistical data in the 1960s, and for the next four decades […]

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1-Trong thập niên vừa qua, số lượng sinh viên Trung Quốc du học ở Mỹ đã tăng gần gấp 5 lần, từ 62.523 năm 2005 lên 304.040 vào năm ngoái. 2-Học sinh Trung Quốc là sản phẩm của một hệ thống giáo dục kìm hãm sự tò mò về tri thức, tính sáng tạo và […]

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