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China follows the US in raising interest rates and flexing military muscle

December 11, 2018

China’s central bank unexpectedly raised borrowing rates, following the US Fed’s decision to hike. The move is noted to be another move towards deleveraging the domestic market, albeit a small move. On geopolitical front, China and Russia launch joint military exercise, coinciding with US-South Korea exercise also occurring this week in the region. Finally, provincial pensions in China are raising red flags as many are reportedly unable to meet obligations beyond next year.

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The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles.