The Chinese Banking System Is Collapsing
Image Source: Pixabay
Is the Great Migration about to get worse? The answer starts in China, where the country reported a sharp fall in consumer prices just last week. CNY is down and so are government bond yields there. The Chinese also said the economy suffered a big drop in exports and then suffered a record low growth rate for lending. Banking woes, trade setbacks, further declines in growth and inflation expectations. The rest of the world is going to feel the effects.
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