China Quietly Bails Out Another Bank With 620 Billion Yuan In Assets

Everybody, So I saw this article on Sunday and sometimes I think I talked maybe not too much about China but It's an important area and there's a lot going on there. So I like to read up on it and then do articles. This is on Zero Hedge. I'll put the link below China client.

So we hear a lot in the United States. About the repo market, right That started was that like October? I don't even know anymore. It seems like his it's been going on forever and it will probably continue not to go on forever, but quite a long time in 2020 for sure. So here's an article. China Quietly bails out another bank With six hundred twenty billion you want one you'll on you on yeah in assets. So I did an article. Two or three weeks ago and they were there was something similar to this China had bailed out Earl not bailed out for smaller banks in China went belly up. There was a run on the bank and everybody was waiting in line and someone made the point. I think in one of the articles that I did the article on it was only like four percent of the total banking system, but This one and I forget how they were but they were relatively small but still so here's one-China quietly. I don't know how quietly if it sounds Zero Hedge bails out. Another bank was six hundred twenty billion yuan in assets. So China's retail sales are sinking industrial production is sinking Capital expenditures are sinking and their GDP is below 6% hasn't it? Been like six percent the last couple quarters or seems like a lot of quarters. I don't know. I can't put this into perspective but the third quarter is going to be five point eight percent. So I don't know what the huge differences between 6 or 6.1 and 6.2 and verses 5.8. But evidently it made those numbers made it in this article.

So I always find it interesting when I read an article like this and do an article is that China is a communist country, right? And I thought that Like censored their news A little more strictly. So nothing that would be said to the outside world would put them in like a bad light or a bad situation or an unfavorable. This would be an unfavorable article on China. Anyhow, let me know what you think but Tyler Durden wrote the article Sunday and yeah, China's not doing too good, except our crypto projects were which I'm going to get into in the next couple of articles.