Chinese banks are flush with too much deposits - 1yr target hit in 3 months
#1

They are making too little loans and taking in too much deposits. They now have more deposits than loans.
Eventually they will cut interest on savings account to zero because they don't need the money.

https://www.caixinglobal.com/2023-05-06/...43055.html

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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