Chap 14, 15

I envision a future of international incorporations, where firms choose to be governed by a set of international rules agreed upon among nations and where the headquarters...no importance.
In year 2021, we are straying further and further away from this globalized vision. 
the recession that followed the first OPEC oil queeze pummeled the stock market...

inflation may also lower stock prices when it increases investors' fears that the central bank will take restrictive action by raising short-term real interest rates. such restrictive policies are often followed by an economic slowdown that also depresses stock prices.
november in China sees similiar circumstances, if not more servere and persisting. climate change and harsh-line carbon reduction policies curb productivity almost by half, cutting power off factories and industrial complexes. the expectation of raising interest rates permeates both within the country and abroad, as a result of massive QE post covid for the past year and half. do all the signs foreshadow a downturn in the economic conditions and hence the stock markets of China which has remained bullish for the past three years? Or will china be an exception, like it always does?