Remarkable data on the surge in credit in China in recent months: nhttps://t.co/uKjcGpljKV https://t.co/0HThp1L6ah
@GreySmithereens @Jackie_Downn @triofrancos The question of “realism” rears its ugly head.
@triofrancos Thank you Thea. Much appreciated. You put your finger very precisely on a major point of disagreement.
Chinese local government land sales have plunged in 2021 and as @michaelxpettis points out that is a very serious issue indeed. Great data from @Gavekal