be the single most significant determining factor for the global market in 2018. [Figure 37: China Alf.Systern Financing in AggreAtate (Billions of Beorninbi) Itt,000 1-- V4.500 Y4,000 V3,500 V3,000 V2,500 V2,000 tl,500 Y1,000 Y500 YO LTM Social Financing (Right Axis) ,-MONN ea ca. .1, CO 6 .1