Commie USD zombies still hard at it:
— CrossBorder Capital (@crossbordercap) July 3, 2019
Bank capital available to instead finance productive activities will remain deficient:
#Fitch Ratings:#China’s economy to slow from 6.2% this year to 5.8% in 2021;
— YUAN TALKS (@YuanTalks) July 9, 2019
What’s available in banking system is not sufficient to support large-scale lending designed to prop up economic growth, as regulators have required banks to raise their capital reserve levels.