Steve was a candidate in the Auatralian election. Here his report.
Economics
South China Morning Post: Nowhere to hide for Chinese developers as slump deepens amid cash crunch, debt defaults despite easing measures
Home sales fell 25.6 per cent last quarter as concerns about credit squeeze, debt defaults sidelined buyers Local authorities in more than 60 municipalities have taken steps to unshackle the market from rules hobbling the […]
EU politics
Ashoka Mody: Italy Needs to Wake Up and Fix Its Banks
The euro area’s most vulnerable economy is heading into a storm. Read here
Economics
Reuters: China’s economy cools sharply in April as lockdowns bite
April industrial output -2.9% y/y vs f’cast +0.4% April retail sales -11.1% y/y vs f’cast -6.1% Nationwide jobless rate highest since Feb 2020 Jan-April fixed asset investment +6.8% y/y, vs f’cast +7.0% Read Here
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