RE: Beloved Queen12 Sep 2022 17:29
We heard the same thing about china in 2016,when the shadow banking system came into the spotlight. The whole Chinese economy was about to collapse, supposedly. I recall a prominent banker, I think from RBS calling on all to "sell everything " eventually the Chinese government managed to cool the situation with stimulus packages, like they always do. One good thing about totalitarian regimes( from a business point of view), thay can get the job done very quickly without worrying who gets hurt or left behind.