China Purchasing Manager Indices Worsen, Highlight Trade War Debt

China’s Official PMI’s for February all worsened and missed expectations, highlighting the weakness of the economy and the weight of debt in relation to its economy. The debt load is expected to climb by three to four percentage points in it’s the debt-to-GDP ratio.

Chinese Shadow Banking Less Risky Says Morgan Stanley, But is It?

With a weaker Chinese economy, and a debt burden expected to rise by three to four percentage points of GDP shadow banking practices should be a concern; However both rating agency Fitch and Morgan Stanley downplay the risk believing the debt is now more transparent.