Signs of #China's blossoming financial crisis: 9 institutions worth $143 Billion were nationalized in a single day. China's #banking sector is broke and broken. https://www.zerohedge.com/geopolitical/nine-chinese-financial-institutions-over-1-trillion-yuan-assets-are-nationalized-same #news #economy #finance
Four insurers, two trust firms and three securities companies that managed a combined 1 trillion yuan ($143 billion) in assets represent Beijing’s first major regulatory move this year
zerohedge.com
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