China’s financial globalization is multi-pronged. One key element is build up of dollar/fx liabilities (money owing/debts) in private Chinese balance sheets, which reached peak in 2014 at just shy of $1.5trn. Stable since 2018 at c. $1.3trn.
@bcaresearch via @SoberLook https://t.co/yV21KAmNSa
EU’s trade dependence is massive: Overall, external trade in goods and services accounts for 27% of euro area GDP, a
January 22, 2021
EU’s trade dependence is massive: Overall, external trade in goods and services accounts for 27% of euro area GDP, a share that rises to 45%