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Opinion

Wall Street doubles down on China

Financial ties continue to grow despite political tensions

| China

Lionel Barber is former editor of the Financial Times. He is author of "The Powerful and the Damned: Private Diaries in Turbulent Times."

For the men, and occasional woman, who run America's most powerful financial institutions, these are the best of times: blowout earnings in the last quarter, a surge in mergers and acquisitions, and lucrative trading thanks to volatility generated by an expected turn in the interest rate cycle.

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