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Record Amounts of Capital Urgently Fleeing China (Everything You Need to Know)
Description
While the world was distracted by US recession provoking a Japanese stock market crash, China was continuing to meltdown. In just the past few days the country reported: a record drop in foreign money fleeing China; the first contraction in bank lending to the real economy in nineteen years; record low market interest rates; and the PBOC going off the rails trying to derail that bond rally. And we thought China was in rough shape...last month.
Eurodollar University's Money & Macro Analysis
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Bloomberg China Regulators Tell Some Rural Banks to Renege on Bond Trades
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Bloomberg China Asked State Banks to Keep Record of Government Bond Buyers
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