Ant IPO Delay Signals the End of China’s Rapid Growth
Simple – Jack Ma threatened the systems of patronage that are at the heart of the Chinese banking system. When he threatened to disrupt the entire financial system, he threatened everyone who either controls the banks or depends on the banks for their survival. As China may very well be a house of cards of leverage, Jack Ma’s statements ultimately threatened the very stability of China itself. www.macroesg.com #macroesg @gregbeier --- Send in a voice message: https://anchor.fm/macro-esg/message