All data from the PBOC. The last chart shows the FX loan-to-deposit ratio in the Chinese banking system. A down slope has been associated with economic weakness and RMB weakness in the past.
Year Twenty Begins
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FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
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