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This Metal Problem Could Ignite China's Smoldering Crisis
China is about to step on the gas and boost bank lending once again.
That's despite both the IMF and World Bank thinking it's unnecessary.
But concerns of China's growth moderating and housing prices dropping 5% this year aside, this might be the real reason for renewed easing:
Recent reports indicate that copper and aluminum used as loan collateral may have been rehypothecated or, worse, may never have existed at all...
China is about to step on the gas and boost bank lending once again.
That's despite both the IMF and World Bank thinking it's unnecessary.
But concerns of China's growth moderating and housing prices dropping 5% this year aside, this might be the real reason for renewed easing:
Recent reports indicate that copper and aluminum used as loan collateral may have been rehypothecated or, worse, may never have existed at all...