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Weekly Commentary: Huarong And Chinese Banking
Article By: Doug Noland
Sunday, April 18, 2021 5:37 AM EDT
China’s Aggregate Financing (their measure of broad system credit) jumped $512 billion during March, pushing Q1 growth to $1.569 TN. Over the past 15 months, China’s Aggregate Financing expanded an unprecedented $6.9 TN – or 17%.
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