Cracks Continue To Appear In China’s Financial System The world’s largest casino, or China’s financial system as it’s more formally known, continues to exhibit irrational and concerning behaviour this year. The latest trend, as highlighted by Bank of America Merrill Lynch’s China: An Equity Strategist’s Diary research report, the is the volume of non-government bond issuances that have been cancelled or postponed so far in 2016. BoA: Commodity Futures Are China’s Next Casino Specifically, year-to-date 241 non-government bond issuances have been cancelled or postponed, 120 of which occurred in April vs. 315 in total in 2015. 709 bonds worth a…
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