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Caijing

Harvey Schwartz, former president and co-chief operating officer of Goldman Sachs: China's deleveraging measures are better implemented. Opening is a major trend.

Harvey Schwartz, former president and co-chief operating officer of Goldman Sachs: China's deleveraging measures are better implemented. Opening is a major trend.

Harvey Schwartz, former president and co-chief operating officer of Goldman Sachs: China's deleveraging measures are better implemented. Opening is a major trend.

Harvey Schwartz, former president and co-chief operating officer of Goldman Sachs: China's deleveraging measures are better implemented. Opening is a major trend.

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Caijing

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October 18, 2018

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Mr. Schwartz said that for many decades interest rates have effectively been declining, creating very low interest rates, encouraging leverage and with the introduction of quantitative easing – ultimately helping to drive asset prices significantly higher. As we now see a shift to increasing interest rates or “quantitative tightening,” it is somewhat likely that certain institutions and countries may be impacted.

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