Chinese Financial Stress Mount With Banks Failing On Bad Loans, U.S. CPI Cools

Underwater loans continue to drag the China to the brink

The real estate crisis in China may have hit the mainstream with property developers going bankrupt, such as Evergrande, but it does not end there.

Smaller regional banks on the Mainland are failing at an astonishing rate. Over 40 banks disappeared in the last week in June alone and were absorbed onto larger bank balance sheet.

The newest victim to China'…