China Has A Growing Bank Problem

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • Feb 21, 2024 at 5:30 AM EST

Chinese "banks" opted for an unusually large cut to China's benchmark 5-year Loan Prime Rate. In truth, that appears at the behest of Beijing where authorities are becoming increasingly desperate.

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Chinese "banks" opted for an unusually large cut to China's benchmark 5-year Loan Prime Rate. In truth, that appears at the behest of Beijing where authorities are becoming increasingly desperate. Nothing they are doing is working - and Chinese banks know it. China has a growing bank problem on its hands before any of its other major problems.

Video Length: 00:18:13