Circulating in China’s Financial System: More Than $200B in I.O.U.s

Re:Circulating in China’s Financial System: More Than $200B ... by Lecteur on Thursday August 08, 2019 @05:26AM (#20642971)

In which the NYT discovers discounted bills of exchange. Which have existed since at least the early 14th C. in Northern Italy. Sinister when the Chinese use them, though, of course.

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Re:Circulating in China’s Financial System: More Than $200B ... by thedudeabides5 on Thursday August 08, 2019 @08:53AM (#20644019)

Wait till they get a ahold of the alphabet soup of Chinese financial products:

WMP DAMP TBR LGFV NCD

Each with a quasi government guarantee!

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