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A comment on China’s banks face cash crunch fears after authorities seize lender.

Re:China’s banks face cash crunch fears after authorities se... by youeeeeeediot on Sunday June 30, 2019 @03:22PM (#20319935)
China needs to adjust their official target of 6-6.5% GDP growth per year - it is completely unsustainable and has caused far too many risks to be taken in order to maintain it.

Unless they want the bubble to pop? I can't imagine the social upheaval it would cause there (and throughout the rest of the world)

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Re:China’s banks face cash crunch fears after authorities se... by jorblumesea on Sunday June 30, 2019 @03:55PM (#20320146)
Implying that China is correctly reporting their true GDP. Given how opaque their system is in general, it's hard to trust any official sources. It's likely they are ~2% lower than officially reported already.

https://www.ft.com/content/961b4b32-3fce-11e9-b896-fe36ec32a...

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