G20 Plans "Death By A Thousand Cuts" For China's Economy

G20 Plans "Death By A Thousand Cuts" For China's Economy By Benjamin Picton, senior market strategist at Rabobank The Natural Equilibrium G20 finance ministers, central bank governors and a handful of high-profile CEOs gathered in Asheville, North Carolina, yesterday. Treasury Secretary Scott Bessent held court, telling allies that the only way out of heavy debt loads is growth, and that they needed to do more to confront China on its structural trade imbalances. The latter point is particularly salient as Bessent prosecutes new restrictions against trade with Iran under Operation Economic Outcast. China...