Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in the real economy.   Chinese banks lost deposits totaling 3.92 trillion yuan (US$542 billion) in the single month of April 2024 after they were ordered by regulators to stop their […] The post Unleashed bank deposits misused in Chinese economy appeared first on Asia Times.

View Entire Post