Chart Of The Day: The Most Important Leading Indicator Of Them All?

Right, so you know how everyone is talking about the implications of China’s crackdown on leverage?

Well, the reason that matters so much is because as Citi’s Matt King put it earlier this year, “everything is made in China these days” — especially the global credit impulse:

China

That brings us to the chart of the day which, very simply, shows that credit growth in China may be the most important leading indicator of them all… 

ChinaCredit

(BBG)

Don’t say you weren’t warned.

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