![]() In fact, the real economy is looking like more of the same we've seen from China for years. "The effects of previous liquidity tightening and the still ongoing financial regulatory shake-up are evident in money and credit data, but have not yet reached the real economy," Societe Generale analyst Wei Yao explained in a note to clients Monday morning. June industrial production grew at 7.6%, up from 6.5% in May. Real GDP growth held steady from the previous quarter at 6.9%. This instability in the financial sector is taking place under a strange backdrop as China reported solid Q2 2017 economic growth numbers. Stability first, stability first, stability first That means the government will direct banks not to fund his projects. According to Bloomberg the government found "violations" in six of his overseas investments, including one for US-based Carmike Cinemas. To be fair, though, it looks like no one is safe - not even one of the richest men in China, billionaire Wang Jianlin of Dalian Wanda Group. Account icon An icon in the shape of a person's head and shoulders.
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