Feb 22, 2016

China Becomes Global Lender Of Last Resort With Bailout Of World's Most Indebted Oil Company | Zero Hedge

Over the course of last month we variously described the Asian Infrastructure Investment Bank as an attempt by Beijing to deal a decisive blow to the post-World War II global economic order by undermining US-dominated multinational institutions, as an attempt to usher in a new era characterized by yuan hegemony, and as an effort to cement China’s regional influence via the implicit establishment...

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