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Tag Archives: Shadow-Banking Default
Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default
While manufacturing and services PMIs disappointed, the big problem in big China remains that of an out-of-control credit creation process that is blowing up. As we previously noted, instead of crushing credit creation, the PBOC’s liquidity rationing has forced distressed companies … Continue reading
Posted in Editorial, Financial
Tagged Contagion, Shadow-Banking Default
Comments Off on Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default