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The Worst Banking Data on Chinese Record
China's total credit in April actually fell for only the third time and by the most ever. Clearly the government is alarmed by that as well as the distinct lack of traction in the real economy (more deflation in producer prices, minimal gains in consumer prices). We'll go over what was just reported, what the government's next government plan is likely to be, and what the market(s) reaction(s) has(have) been.
Eurodollar University's Money & Macro Analysis
NYT Biden Looks to Thwart Surge of Chinese Imports
https://www.nytimes.com/2024/05/08/us/politics/biden-china-imports.html
WSJ China Hints…
The skinny
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