Silver as an investment

Category Archives: Chinese financial system

The Five Biggest Tests For China’s Next Central Bank Governor

Zhou Xiaochuan’s long reign as PBoC Governor is drawing to a close. He signaled his impending retirement last month and will be seventy years old In January 2018. Zhou has headed up China’s central bank from the early days of China’s “growth miracle” in 2002 and successfully – thanks to massive credit creation – steered […]

China’s Shadow-Lending Ecosystem Could Be As Large As $40 Trillion, PBOC Guesses

Authored by Deep Throat at Deep Throat Blog Today, I'd like to take some time to revisit a couple of related topics that we first started discussing a few years ago. I am, of course, referring to the burgeoning increases in China's Debt levels, Shadow Bank Assets (loans) and M2, along with a high-level analysis […]

About That “Underwhelming” US-China Trade Deal: Much Less Than Meets The Eye

Overnight, the US Department of Treasury released the initial result of the 100-day Sino-China trade and economic negotiations, a month after the presidential summit at Mar-a-Lago in early April. Under the negotiations led by Steven Mnuchin and Secretary of Commerce Wilbur Ross in the United States and Vice Premier Wang Yang from China, the two […]

China’s $9 trillion moral hazard is now too big to ignore

gata.org / From Bloomberg News / February 22, 2017 China may be about to embark on its most ambitious — and perilous — campaign to convince investors that they shouldn’t depend on a bailout when markets go south. In a rare show of cooperation, the nation’s main financial regulators are drafting new rules for asset-management products […]

Is China About to Trigger Another “August 2015”-Type Meltdown?

Just as we predicted, the Bank of Japan has begun to lose control. Since the November US Presidential election, the Bank of Japan has been aggressively devaluing the Yen. They are doing this to take advantage of the brief window between the election and when Trump takes office and trade deals are renegotiated. As I […]