China's Liquidity Injections & Vanke's Bonds
China Vanke's bonds are blowing up, a highly respected company in China's real estate sector. As a result of collapsing liquidity, PBoC are supporting it via reverse repo injections, the financial plumbing way of saying they're keeping the water running.
Looks like we may see what a credit crisis looks like in a closed economy.
Looks like we may see what a credit crisis looks like in a closed economy.
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