Eurodollar University China's Economic Crisis Just Got a Whole Lot Worse
Sep 15, 2024
China's bond market faces a crisis as yields hit record lows despite government interventions. Economic signals reveal unsettling trends, including declining wages and rising deflationary pressures. Efforts to stimulate growth are met with skepticism, highlighting the challenges for the People's Bank of China. Job losses and cautious bank lending further complicate the scenario, raising concerns about the nation's economic stability. The discussion reveals how these factors intertwine, painting a stark picture for China's future.
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