Following another month of contraction in the shadow banking system and the recently resumed downtrend in Chinese stocks and yuan, investors are bracing for the monthly deluge of economic data (ex-GDP) to judge just how much impact Trump's trade wars are having (or just what Xi is allowing the world to see). As we detailed earlier, despite Beijing's desperation to inject more credit into its financial system and failing that, to at least give the impression it is doing that - and while October is typically a slow month for Chinese credit - growth in key gauges such as total social financing and money supply fell to ... (full story)