The financial system is not as strong as they make it seem. Corporations can indefinitely postpone losses, making themselves look reasonable on paper. But eventually something will break down. For financial establishments, the risk is extremely high to the entire system so they are nationalized, bailed out, or dismantled. This goes on in all countries because they essentially operated with the same strategies. Today we’ll look at what’s happening in China.
China’s First Bank Seizure in 20 Years Sets Investors on Edge
Mutual Funds’ Exposure to Baoshang Bank Takeover Likely Limited - Caixin Global
Asia Times | China banks under pressure after seizure of Baoshang Bank | Article
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Jamie Dimon warns US-China trade fight becoming a 'real issue' that could deter investment
Falling diesel fuel demand in china paints bleak picture
‘Whiff of U.S. recession’? It’s in the air again amid China trade fallout - MarketWatch
https://finance.yahoo.com/news/china-apos-first-bank-seizure-210000879.html
https://www.caixinglobal.com/2019-05-28/mutual-funds-exposure-to-baoshang-bank-takeover-likely-limited-101420802.html
https://www.asiatimes.com/2019/05/article/china-banks-under-pressure-after-seizure-of-baoshang-bank/
https://www.cnbc.com/2019/05/28/jamie-dimon-warns-us-china-trade-fight-becoming-a-real-issue-that-could-deter-investment.html
https://www.cnbc.com/2019/05/28/falling-diesel-fuel-demand-in-china-paints-bleak-picture.html
https://www.marketwatch.com/story/whiff-of-us-recession-its-in-the-air-again-after-china-trade-fallout-2019-05-25
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The Chinese economy has been slowing down for several years now and with this trade war kicking into higher gears, debt-ridden banks and corporations will be forced into liquidations. The same thing is happening to entities throughout the world.
the chinese economy is a monster