A little over two weeks ago, on Dec 10, just after Beijing had made it abundantly clear it was done with its latest experiment in financial tightening – an experiment which has led to the implosion of China’s property developers led by Evergrande, a deep freeze in China’s USD-denominated junk bond market, and an accelerating slowdown in China’s $62 trillion housing sector which Goldman recently defined as the world’s largest asset… … Beijing issued its loudest hint yet that with China’s economy rapidly slowing down and the country’s monetary policy now fully reversed from the tightening observed across most […]
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