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China’s economy is in “long-term decline” and growth from 2020 will be increasingly dependent on foreign capital, according to Morgan Stanley. This year, the current account shortfall could be 0.3 percent of its GDP, and slip further to 0.6 percent in 2020, the investment bank predicted. The report blamed the shrinking current account on China’s […]

Fed in the Hot Seat For being such crushingly dull affairs, Federal Reserve policy meetings sure inspire a lot of feelings. And this week’s confab will be more emotionally charged than ever. Markets have whipped themselves into a frenzy of rate-cut expectations, writes John Authers. But they’re still not settled on just how much and how often the […]