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IMF, did you make a mistake? October 2, 2014

Posted by hslu in China, Economics, Global Affair.
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In a newly released report, IMF wsrned that shadow banking is a huge problem.

Hmm…, nothing new here. We knew China had big problems with unregulated shadow banking problem. But, the government has largely resolved that problem by incorperating shadow banking assets into banks.

Hmm…., wait. IMF said shadow banking is a bigger problem in the United State.

Hmm…, IMF, did you mix up U.S. and China’s data?

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Hmm…, 白紙黑字大概錯不了。

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