Zombies and cannibals: The horrors of China’s financial system, charted

Sneakily but steadily, the Chinese government is pumping torrents of money into its banks. And many trillions of yuan have been flowing into stocks via the interbank lending markets.

Just as interesting, though, is where the cash isn’t flowing. Despite the flood from the central bank, the money geysering forth isn’t making its way into ordinary people’s pockets, their checking accounts, or growth-boosting infrastructure projects. That’s a disquieting hint that China’s $30 trillion...

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