Record Amounts of Capital Urgently Fleeing China (Everything You Need to Know)

While the world was distracted by US recession provoking a Japanese stock market crash, China was continuing to meltdown. In just the past few days the country reported: a record drop in foreign money fleeing China; the first contraction in bank lending to the real economy in nineteen years; record low market interest rates; and the PBOC going off the rails trying to derail that bond rally. And we thought China was in rough shape...last month. Eurodollar University's Money & Macro AnalysisBloomberg China Goes to New Extreme in Crackdown on Bond-Market Frenzyhttps://www.bloomberg.com/news/articles/2024-08-13/china-goes-to-new-extremes-in-crackdown-on-bond-market-frenzyBloomberg China Regulators Tell Some Rural Banks to Renege on Bond Tradeshttps://www.bloomberg.com/news/articles/2024-08-12/china-regulators-tell-some-rural-banks-to-renege-on-bond-tradesBloomberg China Brokers Curb Bond Trading Amid PBOC Warnings on Rallyhttps://www.bloomberg.com/news/articles/2024-08-12/chinese-brokers-curb-bond-trading-amid-warnings-on-rallyBloomberg China Asked State Banks to Keep Record of Government Bond Buyershttps://www.bloomberg.com/news/articles/2024-08-09/china-s-state-banks-asked-to-record-buyers-of-government-bondshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU