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Synchronous global recovery masks deepening asset imbalance

China and other developing nations are accumulating wealth, but failing to create sophisticated local markets
Thursday, June 15, 2017 - 05:50

Tokyo

THERE'S a dark cloud building behind the world's best period of synchronous growth among developed and emerging economies this decade - one that in time could rain down volatility in global markets.

The problem, identified by strategist and hedge fund manager Stephen Jen, is

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