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	Podcast:		Eurodollar University
	Episode:		The REAL Reason China’s Economy Is in Crisis Mode
	Category:		Business
	Duration:		00:19:00
	Publish Date:		2024-07-23 11:00:00
	Description:		China's dollar woes have jumped in recent months, so much that they've come out of the eurodollar shadows enough to impact the onshore banking system in an unexpected way. Foreign holdings of negotiable bank CDs have exploded. We'll discuss what that means and how it relates to China's dollar shortage and the surprise set of rate cuts announced by the PBOC earlier today. Eurodollar University's Money & Macro Analysis Bloomberg Global Funds Pile Up Nearly a Trillion Yuan of China Bank Bonds https://www.bloomberg.com/news/articles/2024-07-22/global-funds-pile-up-nearly-a-trillion-yuan-of-china-bank-bonds Bloomberg China Surprises With Rate Cut After Xi’s Big Meeting Disappoints https://www.bloomberg.com/news/articles/2024-07-22/pboc-cuts-seven-day-reverse-repo-rate-to-1-7-to-support-economy https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU
	Total Play:		0

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