40 CHINESE BANKS HAVE DISAPPEARED
US Banks are not doing great for the past few years, but not as bad as in China by comparison. While the US set up a safety net through the FDIC as a receiver for the bad or failed banks, China went to the similar structure to set up government controlled banks, like a Liaoning Rural Commercial Bank, positioned to take over the failed or bad banks in China.
In the week ending on June 24th, 40 smaller Chinese banks were absorbed by larger institutions set up by the government.
It is reported that China has a total of 3,800 lenders that hold $7.5 trillion in assets, 13% of the total assets in the entire banking system. Based on the research by S&P Global, banks are reporting a 20-40% delinquency rate in their portfolio, due to slow down in construction and real estate that started last year, inflation and low GDP.
All of that should benefit the US, as the smart money from China should be moving to investing in US assets, like treasuries or hard and stable assets like commodities.
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US Banks are not doing great for the past few years, but not as bad as in China by comparison. While the US set up a safety net through the FDIC as a receiver for the bad or failed banks, China went to the similar structure to set up government controlled banks, like a Liaoning Rural Commercial Bank, positioned to take over the failed or bad banks in China.
In the week ending on June 24th, 40 smaller Chinese banks were absorbed by larger institutions set up by the government.
It is reported that China has a total of 3,800 lenders that hold $7.5 trillion in assets, 13% of the total assets in the entire banking system. Based on the research by S&P Global, banks are reporting a 20-40% delinquency rate in their portfolio, due to slow down in construction and real estate that started last year, inflation and low GDP.
All of that should benefit the US, as the smart money from China should be moving to investing in US assets, like treasuries or hard and stable assets like commodities.
Our social networks:
• Youtube
• Protitleusa.com