China Confirms The Rumors...Is This The Start Of A Financial Crisis?

#China #chinaeconomy #worldeconomy
China just hit another record, though not the kind officials want to talk about. Not record growth. Not record confidence. Not record consumer spending. A record decline in household borrowing. Chinese households are not just borrowing less. They are pulling back at a pace we have not seen before in comparable data. And that is the real warning because this is exactly where China’s worsening downturn becomes much harder to explain away.

Eurodollar University's Money & Macro Analysis