China’s Banks Healthier than Western Counterparts, Thanks to de facto Glass-Steagall

Over the past decade, China’s banks have generated some $10 trillion of credit. During the same decade, the financial institutions of the trans-Atlantic sector plus Japan have issued more than $15 trillion in cumulative “quantitative easing” (QE). But whereas China’s credit has gone into productive activities, the western QE money – half again as much as what China issued – went exclusively into pumping up the speculative bubble again.Hier   weiterlesen