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If you’re running the Western banking system into the ground, the last thing you want to see is one of the biggest banks admitting that China is the best place for people to put their money.
RT:
The unfolding banking crisis in the US and Europe, which has shattered investor confidence in the Western financial system, could highlight China as a “relative safe haven,” economists at Citi said in a note seen by CNBC.
The Chinese economy could see accelerated expansion this year, giving the country a “hedge” for growth while economies in the US and Europe face heightened risk of financial disruption, according to the note.
“We have long been discussing our view that China can be a major growth hedge this year – if anything, recent global banking stresses perhaps have strengthened this thesis,” a team led by Citi’s Chief China economist Xiangrong Yu reportedly stated.
“China could at least be a relative ‘safe haven’ given its growth premium, financial soundness, policy discipline and the new political economy cycle,” the economists argued.
They pointed to the recent decision by the People’s Bank of China (PBoC) to cut its reserve requirement ratio (RRR), saying the move showed “reassurance of policy support amid global volatilities.”
The regulator reduced the ratio for almost all banks by 25 basis points last week, with the move widely viewed as an attempt of ensuring liquidity in the banking system.
“Perhaps taking lessons from what the US has been going through in recent years, the PBoC has been prudent in easing even during the pandemic era and may quickly switch to a wait-and-see mode once growth is back on track,” the analysts wrote.
They also noted the Chinese government’s restructuring earlier this month as part of the effort to ease financial risks.
This is all just obviously true.
The West is taking ridiculous, deranged steps to collapse the economy, apparently on purpose. Anyone with any basic common sense is going to see that China is not doing that, and move their money there.
It is truly fascinating that while the entire media is saying “China is going to collapse any day now,” the people with the most money are saying “China is the only stable place in the world.”
When you look at the strategies of banks, you get the truth of the matter, which exists outside of the moronic political rhetoric that the goyim gobble up.
If China was going to collapse and the West was secure and stable, it would be Chinese bankers moving their money to the West. Instead you get the opposite. If you can’t understand anything else about what is going on in the world, surely you can understand that.
Who is going to collapse any day now, I wonder?
Usa bank Citibank remain at 7% of its peak value years after the 2008 Usa financial crisis+Usa will likely continue in its economic+financial collapse as foolish Usa politicians mismanage whole country, focusing their time only on creating anti China anti Russia fake news+lies . https://t.co/zZpoU6xgGj pic.twitter.com/Hv28qt1hFE
— trianglestomache (@trianglestomac1) March 26, 2023
