Monday, September 19, 2016

CHINA FACING FULL-BLOWN BANKING CRISIS



BIS

China facing full-blown banking crisis, world's top financial watchdog warns

China is sinking ever deeper into debt, and risks a major banking crisis CREDIT: SINA


China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog.
http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/

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