Nicholas Lardy
Nicholas Lardy
china economic enormous hard step transform
It would be hard to overestimate this as a first step for China. If China can transform its big banks, this will have enormous implications for China's long-term economic growth.
advantages chinese clear cooperation larger market oil side since
The world oil market is very competitive and it is not clear what advantages cooperation could bring, particularly to the Chinese side since they are a much larger participant in the market.