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China bank failure fires warning shot at financial markets
Liquidation of the municipal lender raises borrowing costs for small peers and push more of them on the brink
#Economy still wobbling, it’s a risky time to cleanse the system
#China #recession
reuters.com/article/us-chi…
Liquidation of the municipal lender raises borrowing costs for small peers and push more of them on the brink
#Economy still wobbling, it’s a risky time to cleanse the system
#China #recession
reuters.com/article/us-chi…
PBOC’s Attempt to Exit Crisis Mode Faces a $500 Billion Test
#China’s banks need $500 billion in fresh #liquidity this month to roll over existing #debt and buy government bonds, complicating the PBOC’s efforts to exit crisis measures.
#recession
bloomberg.com/news/articles/…
#China’s banks need $500 billion in fresh #liquidity this month to roll over existing #debt and buy government bonds, complicating the PBOC’s efforts to exit crisis measures.
#recession
bloomberg.com/news/articles/…
China’s central bank is buying government debt?
Clearing data suggest that central bank bought sovereign bonds. #PBOC hasn’t spelled out its intentions on government debt.
#China #recession #debt
bloomberg.com/news/articles/…
Clearing data suggest that central bank bought sovereign bonds. #PBOC hasn’t spelled out its intentions on government debt.
#China #recession #debt
bloomberg.com/news/articles/…
