How Huarong Explains China's Creaky Financial System

What is Huarong and why do its struggles explain the central contradictions of China's financial system? To discuss, Logan Wright of Rhodium joins the show. In the first ten minutes, Logan catches us up on the news of the week. Then in the following hour, I rerun an episode we recorded together in late 2018 discussing his report Credit and Credibility, which explains why the big one hasn't hit yet.  Want to get in touch? We can be reached at [email protected] Outtro music: Miraie & Milkoi 『 ミユキ 』https://www.youtube.com/watch?v=e66NfKGjRY Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices