Outstanding Foreign Bank Loans To China Rise 25% to $750 Billion

Chinese foreign debt has soared after contracting in 2015 and 2106 we have seen a third consecutive quarterly increase by Q2 2017  in lending to China the BIS reports. The annual growth rate is now a brisk 25% The banking systems with the largest claims are United Kingdom, United States, Japan, Chinese Taipei and France.

World Bank Warns on Size of Shadow Banking Of Chinese Debt

The World Bank warn the steep growth of shadow banking could trigger a debt crisis in China in it’s October report on the East Asian and Pacific economies. They see Chinese debt levels and it’s “shadow banking” as one of the greatest threats to regional prosperity.

American Household Wealth Grows $1.7 Trillion to New Record

U.S. President Trump may be the most divisive President in History but the Federal Reserve shows Americans are getting weathier with him. U.S. household wealth increased in the second quarter to yet another record by $1.7 Trillion to $96.2 trillion, following a 2.327 Trillion gain in the first quarter.