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📺 Useful Vids 📺
Evergrande Blowup 👉 https://www.youtube.com/watch?v=v5g46Nk4PuM
Fake GDP Numbers 👉 https://www.youtube.com/watch?v=9jO1G4CNse8
Supply Chains 👉 https://www.youtube.com/watch?v=-5RPwo0dlek
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⛓️ 🔗 Useful Links 🔗 ⛓️
Twitter Thread on Crisis: https://twitter.com/liqian_ren/status/1536556062656061440
Codes Turn Red: https://edition.cnn.com/2022/06/15/china/china-zhengzhou-bank-fraud-health-code-protest-intl-hnk/index.html
What’s Behind The Runs: https://www.afr.com/companies/financial-services/what-s-behind-the-chinese-bank-runs-20220711-p5b0mj
Rural Bank Runs: https://www.scmp.com/economy/china-economy/article/3179730/cash-crisis-amid-chinas-stalling-economy-rural-banks-freeze
Mortgage Strike: https://www.bloomberg.com/news/articles/2022-07-14/china-convenes-banks-on-mortgage-boycott-that-s-roiling-markets
China Credit Crunch: https://www.bloomberg.com/graphics/china-credit-2022-07/
China GDP Numbers: https://edition.cnn.com/2022/07/14/economy/china-q2-gdp-2022-intl-hnk/index.html
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– TIMESTAMPS –
0:00 Intro
0:42 What Bank Runs?
5:17 The Protests Start
8:41 The Protests Grow
11:37 China’s Economic Problems
14:51 Mortgage Strikes
18:10 Conclusion
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#China #BankRuns #Crisis #GDP #Economics
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