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China’s old debt playbook problem

Build it and they will come. Or will they? A flurry of construction may be about to take off in China, and investors have pinned their hopes on it. Stocks of Japanese machinery makers Komatsu Ltd. and Hitachi Construction Machinery Co. perked up on Monday. Over the past week, Chinese engineering and construction companies’ shares have surfaced from multi-month lows. ...

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Health-care costs are still eating the US economy

Health-care costs are not as much in the news nowadays as they used to be. A big reason might be that cost growth has slowed in recent years. Between 1967 and 2007, per-capita health care costs rose at an average of 2.36 percent a year. Since then, it’s only been about 1.31 percent. That’s actually not such great news. Health-care ...

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US stocks surge after Donald Trump sees China progress

Bloomberg Stocks surged on Tuesday after the Trump administration said there was progress coming out of its two-day mid-level trade talks with China. The dollar rose with Treasury yields, and crude climbed towards $50 a barrel on expectations the market will be tightened by OPEC’s output cuts. All major US equity benchmarks were higher. The S&P 500 and Nasdaq gauges ...

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