“China’s balancing act isn’t getting any easier.
Policy makers are grappling with how to attack excessive borrowing and rein in soaring property prices while maintaining rapid growth. They’re also battling yuan depreciation and capital outflow pressures as U.S. interest rates rise, while on the horizon looms the risk of confrontation with America’s President-elect Donald Trump on trade…”
See China Fault Lines: where economic turbulence could erupt in 2017. Here is a direct video link.
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Cory’s Chart Corner
Load MoreNot sure why this is so shocking to folks...the data is all around us. h/t @FroehlichThors1
Thorsten Froehlich @FroehlichThors1I mean - guys - this is real
since 1 April 2021, post COVID
(1) Savings rate dropped 90%
(2) Credit card balances up 28%
(3) # of credit cards up 62% (more credit cards / capita)_________________________
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