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(The New York Times) -  While the United States and Japan dawdle over the last details of the Trans-Pacific Partnership trade agreement, China is moving to fill the vacuum. Beijing is intent on defining trade relations in the Asia Pacific for the 21st century.

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In the decade since the global financial crisis, the value of nonfinancial companies’ outstanding bonds has nearly tripled, owing not least to growth in corporate debt in emerging markets. But while a correction seems likely as defaults rise, the broad shift toward bond financing is actually a welcome development.

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https://bizlive.vn/kinh-doanh-quoc-te/my-cong-bo-lenh-trung-phat-moi-chong-lai-tinh-bao-nga-3485380.html

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