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Why a global private-credit meltdown would hit China hard (www.scmp.com)

submitted 1 week ago by rss@news.abolish.capital to c/china@news.abolish.capital

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As war in the Middle East escalates, the financial fallout extends beyond energy price and supply-chain disruptions. Vulnerabilities in the US$3 trillion-plus global private-credit market are accelerating, driving investors to safe havens, while global finance undergoes a rapid transformation. China, the world’s largest creditor to developing countries, will feel the repercussions. This is the first real stress test confronting the vast lending empire. A meltdown was inevitable; only the timing...

From China - South China Morning Post via This RSS Feed.

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