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China: Also printing money like mad
  • If we take all sources of financing, including shadow, then the volume of new loans in Chinese economy in 2020 amounted to almost 30% of GDP or 30 trillion yuan, which is comparable to the growth of the Fed's monetary base of more than 4 trillion dollars.

    In other words, if Western countries only accelerated emissions last year in response to the pandemic, then China switched on the printing press long ago and only slightly increased the rate of emissions last year.

    And it is perfectly visible.