China’s Economy Is Headed For One Of The Largest Meltdowns Ever (19FortyFive)
- To hit the difficult-to-attain targets, ingenious bankers are lending and simultaneously allowing borrowers to deposit identical amounts with their institutions at identical interest rates.
- The big story is not that the Chinese economy is falling apart. It is, at least apart from the export sector. The big story is that China’s stimulus efforts, so successful in the past in jumpstarting growth, are no longer working.
- Anne Stevenson-Yang of J Capital Research tells me that the Chinese have long compared their country to a train whose last car is on fire. The train has to go fast to make sure the flames blow backwards. As soon as the train slows, flames engulf the passenger cars.
- Nobody knows how much debt China has accumulated, but total country indebtedness could be an amount equal to 350% of GDP. Because of the infamous “hidden debt” and Beijing’s misreporting—exaggeration—of economic output, the percentage could even be higher.
- China’s Economy Is Headed For One Of The Largest Meltdowns Ever (19FortyFive)
- Stop Worrying About Chinese Debt? (The Asset)
- Asia300: Chinese Companies Face Surging Write-offs (Nikkei Asian Review)
- Variant View: China’s Zero-COVID Policy is Dead (Asian Century Stocks Substack)
- Evergrande Explained (KraneShares)
- Moody’s Downgrades China’s But Changes Outlook to Stable From Negative (Moody’s)
- Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
- China’s Economy Will Not Overtake the US Until 2060, If Ever (Financial Times)
- Norway’s Sovereign Wealth Fund Slows Emerging Market Investment (Bloomberg)
- Markets Punish Multinationals Dependent on China (Nikkei Asian Review)
- Chart: Chinese Margin Debt vs Other Stock Market Crashes (Guggenheim)
- Renminbi’s Share of Global Payments Falls (The Asset)
- China Internet Flash Report: 2015 & Beyond + an Overview of 2014 Results (KraneShares)
- China Icebergs: Forces That Could Reshape the World (PineBridge Investments)
- PwC China Unicorn Survey 2019: Harnessing Innovation For Hypergrowth (PwC)
Leave a Reply