🇨🇳 Chinese banks have stopped lending and are piling into government bonds instead.
Loans have shrunk to record lows this year, and Jeffrey Snider traces the slide back to 2008, when China bet everything on being the factory floor for customers who eventually stopped buying:
“It’s no longer just an economic problem in China.
It has become a banking problem in China.”
Banks that won’t lend are telling you exactly how much they trust the economy around them.
@JeffSnider_EDU
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Fan: TheTrumpToken @thetrumptoken ·
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@MarioNawfal An economy cannot thrive on factory output alone if credit, consumer demand, and confidence weaken. America should take the lesson seriously: strengthen domestic production, reward investment, and keep the conditions for innovation and growth alive.



































