The first half of the year saw a rush of cross border credit to China while cross border credit to advanced economies and most emerging markets fell, the largest falls were to borrowers in Chinese Taipei (Taiwan), Brazil and Poland the Bank of International Settlements (BIS) said.
The first half of the year saw a rush of cross border credit to China while cross border credit to advanced economies and most emerging markets fell, the largest falls were to borrowers in Chinese Taipei (Taiwan), Brazil and Poland the Bank of International Settlements (BIS) said. Couple this with the depth in Shadow Banking in China that has alarmed the World Bank you get a picture of the enormity.of China debt.
The Shifting Sands of Cross Border Debt in Q2 2017
Advanced economies fell by $178 billion
Emerging market economies (EMEs) rose by $69 billion BUT that with $78 billion to China it has fallen in the EMEs. The largest contractions:arily Chinese Taipei (-$16 billion), Brazil (-$13 billion) and Poland (-$5 billion).
Source: BIS international banking statistics at end-June 2017 October 2017