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Disraeli said there are 3 degrees of mendacity; lies, dam'd lies & statistics. We can add 4th, Chinese bank statistics
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China is a paper tiger. Sadly that is what a totalitarian state can produce.
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CNY isn't basic currency. China is scraping CNY. Dollar funds in China're depleted. Chinese economy'll face failure. China State Bank also.…
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Like for the last .... 12 years ? Where is the news
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Asian is good in hiding problems
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Established O/S banks have withdrawn services. Credit risk "high". Only "official" lending entertained. But now corruption surfaces
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Chinese not threatened by derivative bubble. Honestly.
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