Big Trouble In Little China: Chinese Banking Asset Growth Plunges To Decade Low

Big Trouble In Little China: Chinese Banking Asset Growth Plunges To Decade Low

Over the course of the year, there's been gallons of digital ink spilled documenting China's ongoing efforts to squeeze leverage out the country's labyrinthine shadow banking complex. This discussion is paramount for two reasons: 1) targeted tightening is difficult, which means squeezing shadow conduits without curtailing the credit impulse to the real economy is a tightrope act, 2) shadow conduits finance all manner of trades, which means that when those channels get squeezed, the unwind show
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