Chinese banks are the real story, even as China's government (intentionally?) stole the spotlight with its AI-knock-off, a distraction from the latest real economy warning and most importantly the banking sector's latest. The credit crisis in the latter may finally be coming to a head as it keeps the former from stabilizing. 

Eurodollar University's Money & Macro Analysis

AA Xi Jinping
https://www.aa.com.tr/en/asia-pacific/on-chinese-new-year-s-eve-xi-vows-to-confront-challenges-without-hesitation-/3463706

Bloomberg China’s Economy Stumbles in Sign Rebound Hinges on More Stimulus
https://www.bloomberg.com/news/articles/2025-01-27/china-s-factory-activity-cools-ahead-of-major-new-year-holiday

Bloomberg China Starts Lowering Price Goals to Match Deflationary Reality
https://www.bloomberg.com/news/articles/2025-01-24/china-starts-lowering-price-goals-to-match-deflationary-reality

Bloomberg Markets Sound Alarm Over Deflationary Spiral in China
https://www.bloomberg.com/news/articles/2025-01-07/china-investors-sound-alarm-over-japan-style-deflation-as-yields-hit-record-low

Bloomberg Hong Kong’s Property Distress Is Catching Up With City’s Banks
https://www.bloomberg.com/news/articles/2025-01-26/hong-kong-s-property-distress-is-catching-up-with-city-s-banks

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU