The REAL Reason China’s Economy Is in Crisis Mode episode artwork

EPISODE · Jul 23, 2024 · 19 MIN

The REAL Reason China’s Economy Is in Crisis Mode

from Eurodollar University · host Jeff Snider

China's dollar woes have jumped in recent months, so much that they've come out of the eurodollar shadows enough to impact the onshore banking system in an unexpected way. Foreign holdings of negotiable bank CDs have exploded. We'll discuss what that means and how it relates to China's dollar shortage and the surprise set of rate cuts announced by the PBOC earlier today.Eurodollar University's Money & Macro AnalysisBloomberg Global Funds Pile Up Nearly a Trillion Yuan of China Bank Bondshttps://www.bloomberg.com/news/articles/2024-07-22/global-funds-pile-up-nearly-a-trillion-yuan-of-china-bank-bondsBloomberg China Surprises With Rate Cut After Xi’s Big Meeting Disappointshttps://www.bloomberg.com/news/articles/2024-07-22/pboc-cuts-seven-day-reverse-repo-rate-to-1-7-to-support-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

China's dollar woes have jumped in recent months, so much that they've come out of the eurodollar shadows enough to impact the onshore banking system in an unexpected way. Foreign holdings of negotiable bank CDs have exploded. We'll discuss what that means and how it relates to China's dollar shortage and the surprise set of rate cuts announced by the PBOC earlier today.Eurodollar University's Money & Macro AnalysisBloomberg Global Funds Pile Up Nearly a Trillion Yuan of China Bank Bondshttps://www.bloomberg.com/news/articles/2024-07-22/global-funds-pile-up-nearly-a-trillion-yuan-of-china-bank-bondsBloomberg China Surprises With Rate Cut After Xi’s Big Meeting Disappointshttps://www.bloomberg.com/news/articles/2024-07-22/pboc-cuts-seven-day-reverse-repo-rate-to-1-7-to-support-economyhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

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The REAL Reason China’s Economy Is in Crisis Mode

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This episode was published on July 23, 2024.

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China's dollar woes have jumped in recent months, so much that they've come out of the eurodollar shadows enough to impact the onshore banking system in an unexpected way. Foreign holdings of negotiable bank CDs have exploded. We'll discuss what...

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