Chinese economic forecast downturning
‼️ China’s economy is experiencing its largest financial collapse since its 2002 emergence into the WTO. 10-yr Chinese govt bonds now yield 1.75% and 30-yr bonds are also below 2%. Banks are insolvent and leverage is 350% of ‘reported’ GDP. The first 14 trillion RMB fill a hole. pic.twitter.com/Q0RDu1pxOM
— 🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) December 16, 2024