China Takes Over Failed Baoshang Bank!

The financial system is not as strong as they make it seem. Corporations can indefinitely postpone losses, making themselves look reasonable on paper. But eventually something will break down. For financial establishments, the risk is extremely high to the entire system so they are nationalized, bailed out, or dismantled. This goes on in all countries because they essentially operated with the same strategies. Today we’ll look at what’s happening in China.

China’s First Bank Seizure in 20 Years Sets Investors on Edge
https://finance.yahoo.com/news/china-apos-first-bank-seizure-210000879.html
Mutual Funds’ Exposure to Baoshang Bank Takeover Likely Limited - Caixin Global
https://www.caixinglobal.com/2019-05-28/mutual-funds-exposure-to-baoshang-bank-takeover-likely-limited-101420802.html
Asia Times | China banks under pressure after seizure of Baoshang Bank | Article
https://www.asiatimes.com/2019/05/article/china-banks-under-pressure-after-seizure-of-baoshang-bank/
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Jamie Dimon warns US-China trade fight becoming a 'real issue' that could deter investment
https://www.cnbc.com/2019/05/28/jamie-dimon-warns-us-china-trade-fight-becoming-a-real-issue-that-could-deter-investment.html
Falling diesel fuel demand in china paints bleak picture
https://www.cnbc.com/2019/05/28/falling-diesel-fuel-demand-in-china-paints-bleak-picture.html
‘Whiff of U.S. recession’? It’s in the air again amid China trade fallout - MarketWatch
https://www.marketwatch.com/story/whiff-of-us-recession-its-in-the-air-again-after-china-trade-fallout-2019-05-25