Step aside Baoshang Bank and Bank of Jinzhou, it's time for Chinese bank bailout #3.
Last month, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank's late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports...
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WNU Editor: Expect more banks to close and/or be nationalized because the bottom line when it comes to the Chinese economy is this ....
.... Trump now appears to be winning the trade war with China, whose economic contraction is accelerating and between slowing trade, sliding corporate profits (PPI), rising inflation (CPI), a devaluing Yuan, a record debt load, and now a sudden crisis in its banking sector, Beijing has found itself paralyzed and with zero credibly options how to kickstart the economy.
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ReplyDeleteI called it. :P Again, and again.. little parrots out there, better listen to me hehe
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ReplyDeleteI'll tell ya, anon, I'm getting a loan from WESTERN LOAN FINANCE and buying up these failing Chinese banks.
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