TẦM NHÌN "ĐỊA-VĂN-CHÍNH-CÔNG-KINH"
QUYẾT ĐỊNH THÀNH CÔNG
I FORESEE TO WIN
NOTHING IS PERMANENT EXCEPT CHANGE

The Communist Party must firmly maintain leadership in all areas of work, Chinese President Xi Jinping declared Tuesday in a speech that, while intended to mark the 40th anniversary of Deng Xiaoping’s “reform and opening up,” seemed to represent a departure from some of its core ideas.  

In the decade since the global financial crisis, the value of nonfinancial companies’ outstanding bonds has nearly tripled, owing not least to growth in corporate debt in emerging markets. But while a correction seems likely as defaults rise, the broad shift toward bond financing is actually a welcome development.