Everyone is talking about the Trump-Xi summit as if this is going to be some decisive turning point for China, global trade, maybe even the whole world economy. And, sure, politically, it’s a huge deal. Markets love the idea of the two leaders in the same room because everyone wants to believe a handshake can undo tariffs, trade wars, supply chain chaos, and years of deteriorating relations.
But the latest bank lending data out of China says something VERY different.
Eurodollar University's Money & Macro Analysis
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