CGTN published this video item, entitled “BizBeat Ep. 04: Preventing the disorderly expansion of capital” – below is their description.
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For the first time, China’s annual, tone-setting Central Economic Work Conference listed intensifying anti-trust measures and preventing the disorderly expansion of capital as a key task. Now, we know that capital by itself is neither “good” nor “bad.” But capital that expands blindly, unchecked and without proper oversight can lead to monopolies and increase systemic risks – one only needs to look back at the origins of the global financial crisis of 2008 and the tech bubble of the early 2000s to understand why a disorderly expansion of capital is so dangerous.
CGTN YouTube Channel
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