According to new data, china’s shadow Banking is now a $37 trillion problem.
The global economy is currently in the middle of a period of strength. Business optimism is strong, and most regions are showing robust economic growth and falling unemployment.
Even Japan and Europe, the two sick men of the developed world, are showing signs of improvement. Growth is sluggish, but it’s better than nothing.
Meanwhile, China, which only two years ago was being blamed for sowing the seeds of the next financial crisis, has been quietly getting its house in order, although new concerns are now starting to emerge about the country’s debt pile.
[dalio]
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