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The hidden risks of China's war on debt

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Source: asia.nikkei.com The hidden risks of China's war on debt - Nikkei Asian Review HENNY SENDER, Nikkei Asian Review columnist 12-15 minutes HONG KONG -- When the Bank of Jinzhou, based in China's northeastern rust belt, went public on the Hong Kong stock exchange two years ago, its finances were a wreck. It had issued 34 billion yuan ($5.36 billion) worth of "wealth management products" that are hallmarks of China's sprawling "shadow" banking sector, and it was owed 9 billion yuan by an unnamed borrower who was under investigation by Hong Kong regulators. The bank, like many others across China, was loaded with risky debt -- the kind that China's leadership in Beijing is now determined to stamp out. After a massive buildup over the past decade, the government is waging an all-out war on debt. In December, President Xi Jinping said slashing debt was one of the "critica...
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BBC: How exercise in old age prevents the immune system from declining

Source: http://www.bbc.com/news/health-43308729  http://cafebiz.vn/vi-giao-su-82-tuoi-nay-van-so-huu-mot-he-mien-dich-o-tuoi-20-bi-quyet-cua-ong-la-gi-2018031313283768.chn Doing lots of exercise in older age can prevent the immune system from declining and protect people against infections, scientists say. They followed 125 long-distance cyclists, some now in their 80s, and found they had the immune systems of 20-year-olds.Prof Norman Lazarus, 82, of King's College London, who took part in and co-authored the research, said: "If exercise was a pill, everyone would be taking it. "It has wide-ranging benefits for the body, the mind, for our muscles and our immune system." The research was published in the journal Aging Cell. Prof Janet Lord, director of the Institute of Inflammation and Ageing , at the University of Birmingham, and co-author of the research, said: "The immune system declines by about 2-3% a year from our 20s, which is why older peop...
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Một số Links về Economics.

Adam Smith: http://nghiencuuquocte.org/2015/06/26/adam-smith/ http://nghiencuuquocte.net/2013/07/02/adam-smith-economic-revolution-1776/  Chủ nghĩa trọng thương : http://nghiencuuquocte.org/tag/chu-nghia-trong-thuong/   http://nghiencuuquocte.org/2015/03/08/chu-nghia-trong-thuong/  http://nghiencuuquocte.org/2015/07/28/so-sanh-chu-nghia-tu-do-va-chu-nghia-trong-thuong/ http://nghiencuuquocte.org/2013/11/07/buoc-ngoat-kinh-te-hoc-tk-20/ John Maynard Keynes:  http://nghiencuuquocte.org/2015/05/27/john-keynes/ http://www.bbc.co.uk/history/historic_figures/keynes_john_maynard.shtml  http://nghiencuuquocte.org/2016/03/30/hieu-chinh-keynes-chu-nghia-tu-ban/ http://nghiencuuquocte.org/2016/03/07/nhin-lai-ly-thuyet-tong-quat-cua-keynes-sau-80-nam/ http://www.project-syndicate.org/commentary/keynesian-policy-at-80-economic-recovery-by-robert-skidelsky-2016-02 http://nghiencuuquocte.org/2013/08/15/44-john-maynard-keynes/ http://nghiencuuquocte.n...
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