Romeo Full Staff

The Nomad Economist: China Enters Economic Chaos!


The Nomad EconomistPremiered Feb 23, 2022 An important Chinese State-owned enterprise is collapsing; as are multiple Chinese banks. China’s banking sector is showing signs of strain, with more than 13% of 4,379 lenders now considered “high risk” by the central bank. Something is starting to severely crack in China’s financial system. Only three days after we posted a video about the self-destructive doom loop that is lacerating China’s smaller banks, where a second bank run occurred in just two weeks – an unparalleled event for a country where up to earlier this year not a single bank was allowed to…

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