Discover and read the best of Twitter Threads about #BankofChina
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Bank runs are happening all over China. It’s important to note that the Chinese banking system represents 350% of Chinese GDP (on balance sheet) while the U.S. system is only 100%. One of the largest lending categories of Chinese banks is real estate…Chinese property 1/3
Developers are filing bankruptcies at a record pace. Moody’s has DOWNGRADED 91 Chinese property developers this year alone…while Moody’s had only downgraded 54 OVER THE PAST DECADE before this year’s actions. China’s banks are insolvent. The CPC is likely to brutally 2/3
suppress the bank runs in the near term as they can’t allow them to spread further. It’s not just small banks, the biggest crowd over the weekend was found at The Bank of China (one of the largest SOE banks). #China #bankrun #CPC #CCP #BankofChina #ChinaExposed 3/3
