The Wobbling Red Ponzi---More Bad News For The Dollar-Parched EM

"China‎ is the locomotive that keeps the EM train rolling along," said Frederic Neumann, co-head of Asian economics research at HSBC Holdings Plc in Hong Kong. "Slowing growth in China thus poses an especially acute challenge to emerging markets, after already grappling with higher dollar funding costs for their debt."


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