China Facing Banking Crisis as Deposits Can't be Withdrawn and Shadow Banks Collapse

Things aren’t looking good in Beijing.


China's economic value is worth approximately $19 trillion. Of this, the shadow banking industry is worth close to $3 trillion.


The shadow banking industry has posed a major threat to China’s stability for years. The rapid growth of shadow banking in China has contributed to a credit bubble. Excessive lending through shadow channels. This has fueled unsustainable levels of debt in various sectors. Including real estate and local government financing platforms.


Now, the shadow banking sector has collapsed. What does this mean for China? What does this mean for the world economy?


In today's video we look at China Facing Banking Crisis as Deposits Can't be Withdrawn and Shadow Banks Collapse

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