The US and EU believe that it is not just their economies but their social and political stability that are at stake 

Spread between Shanghai spot price and London hit record $121 per troy ounce last week

Co-president predicts company can make ‘good money’ even as developers wrestle with turmoil

Beijing turns to past playbook of redeveloping poorer areas in hopes of revitalising troubled sector

Also in today’s newsletter, Turkey floats alternative to G20’s trade corridor plan and the Chinese shadow bank exposed to struggling property developers