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Chinese credit crashes, commodities to follow

June 15, 2021 - 09:00 -- Admin

Chinese credit tightening has turned into a crash. Paradoxically, it’s a controlled descent but the pace of it is akin to a crisis. Total social financing in May came in at 1.92tr yuan with bank lending making 1.47tr of that: The non-bank share is still falling away after its brief COVID flourish: May loan flow

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