China is now an unlikely safe haven
The country’s financial risks are its own. America’s quickly become everybody else’s, too
Financial crises ruin and reallocate wealth. They also reallocate worry. Investors find themselves agonising about things they never used to fret about. Worse, they fret about things they never used to think about. One example is money in the bank. The collapse of Silicon Valley Bank (svb) in America has made depositors newly familiar with the nature and limits of claims they previously took for granted.
This article appeared in the Finance & economics section of the print edition under the headline “An unlikely harbour”
Finance & economics April 1st 2023
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- China is now an unlikely safe haven
From the April 1st 2023 edition
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