Tag Archives: Global Economy: The China Domino Syndrome Creeps Ever Closer

John Ward – Global Economy: The China Domino Syndrome Creeps Ever Closer – 24 December 2013

redbluechinaBEIJING IS IN TROUBLE: WAKE UP & THINK ABOUT IT

You won’t see many visual aids simpler than the one above. The countries in red represent China’s biggest trading partners and (in particular) suppliers. The purple people have the most debt owned by China.

China is struggling to contain a major credit crunch within its own banking system: last Tuesday, the People’s Bank of China injected 29 billion yuan through reverse repos in open market operations on Tuesday morning. And interest rates within China’s interbank market spiked to their highest level since June in recent days. Continue reading