Saturday, April 29, 2017

Funny, I Though They Were Already In One For About Three Years Now

Could China Be Close to a Banking Crisis?

This article originally appeared on The Conversation. A variety of indicators suggest that China has come perilously close to a banking crisis. So far, the government has managed to keep things in check. A state-led debt restructuring indicates Chinese officials have learnt some of the lessons of the bad loan crisis faced by state banks in…