Mish's Global Economic Trend Analysis Sun 2010-02-07 18:15 EST

Nonperforming Loans in China Rise to "Trillions of Renminbi"

Michael Shedlock

Inquiring minds are questioning the solvency of the Chinese banking system. Please consider China Defaulting Loans Soar, Insolvency Lawyer Says. Non-performing loans in China have risen into the ``trillions of renminbi'' because of poor lending practices, an insolvency lawyer said...The US, led by Hillary Clinton and president Obama, is putting enormous pressure on China to float the RMB, in expectation that it would rise and US exports would soar. I believe that if China floated the RMB on the Forex markets, it might crash.

China rises; Mish's Global Economic Trend Analysis; nonperforming loans; renminbi; trillion.

Mish's Global Economic Trend Analysis Thu 2009-10-08 15:29 EDT

Competitive Currency Debasement - A Look at Rampant Monetary Expansion In China

Michael Shedlock

The Chinese central banks' printing and respective Chinese bank lending make us look like amateurs. Chinese central bank assets and the money supply are up 25-26% annualized YTD...nearly everyone is absolutely sure the Renminbi would soar if China allowed it to float. Conceivably it could crash...Neither the G-20 nor G-7 did anything to address the massive global imbalances. Something critical is going to blow sky high, when and what remains to be seen.

China; Competitive Currency Debasement; looking; Mish's Global Economic Trend Analysis; Rampant Monetary Expansion.

Thu 2008-07-10 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

article; blogs Archive; Brad Setser; China's reserve growth; Chinese bank lending; follows; just; money.

Thu 2008-06-26 00:00 EDT

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

Brad Setser: Follow the Money >> Blog Archive >> Why not more articles on China's reserve growth? And just who are Chinese banks lending to?

article; blogs Archive; Brad Setser; China's reserve growth; Chinese bank lending; follows; just; money.