THE CHINESE ECONOMY as it exits 2021 and enters 2022.

On the 5th January, after I published this article, the Financial Times reported on Chinese Bank lending in an important article titled: “Chinese Banks Reveal Fears Over Economy”. The article showed that Chinese banks bought loss making instruments such as bankers’ acceptances to meet their annual lending quota rather than lending to the private sector because of fears of a slowing economy and and the risks that poses. Seems these bankers are no different to those found in the West concerned about preserving their capital rather than following the edicts of the CCP.