HOLY SH*T! China's Banking System Just...

China's repo market nearly freezes up at the end of October and now this. Even the biggest institutions are taking unprecedented steps. On top of well-documented real estate woes, the most recent economic stats on the Chinese economy indicate right back into deflation. With that third failed reopening and only ongoing trouble for non-bank financial firms, the liquidity situation inside China is getting hot.

Eurodollar University's Money & Macro Analysis