'Chinese consumer prices rose. This was mainly due to sick pigs. Does this matter? It matters if you are a Chinese pig,' economist Paul Donovan said.
UBS and China are in a bitter dispute over an economic briefing which officials in Beijing have interpreted as a racial slur. The dispute appears to have had real costs for UBS: on Monday it was excluded from advising one of China's biggest state-owned companies on a billion-dollar bond deal. Paul Donovan, the chief economist at the bank's wealth management arm, made the comments during an audio briefing published last Wednesday. "Chinese consumer prices rose.
UBS and China are in a bitter dispute over an economic briefing which officials in Beijing have interpreted as a racial slur. The dispute appears to have had real costs for UBS: on Monday it was excluded from advising one of China's biggest state-owned companies on a billion-dollar bond deal. Paul Donovan, the chief economist at the bank's wealth management arm, made the comments during an audio briefing published last Wednesday. "Chinese consumer prices rose.
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