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Modern Monetary Theory says countries that control their own money supply don't need to worry about taxes or borrowing to spend, but Torsten Sløk, Deutsche Bank's chief international economist, says implementing such a plan would pull dollars out of risky assets.
Just over one-third of China's super rich are"very confident" about the future of their country's economy, according to a survey of the Hurun Report's survey of 465 super rich Chinese citizens.The Chinese tech firm Huawei is suing Canada, its border agency, and the Canadian police, saying its CFO, Meng Wanzhou, was detained, searched, and questioned before being told she was under arrest, the Associated Press reports.
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