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Jiang says Wall Street financialization bundled the world into a fragile derivatives system, and China prevented total collapse after 2008 by absorbing raw materials through infrastructure spending.
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China Infrastructure
Jiang says Wall Street financialization bundled the world into a fragile derivatives system, and China prevented total collapse after 2008 by absorbing raw materials through infrastructure spending.
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"which people don't really know about, that he discussed is, he went to China, and he made a deal with China to become trading..."
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"it had to create financial decos to absorb all this foreign capital, started to invent all these risky derivatives, such as the CDOs, collateral..."
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