The Chinese Financial Index fell by 24%, more than that of European and American bank stocks. Chinese banks are plagued by insolvent debts due to loans to local governments and the stagnant property market. The country’s growth, currently estimated at 9.5%, is at risk
China: Chinese Banks Close to Collapse. Fears of zero growth | Spero News
China: Chinese Banks Close to Collapse. Fears of zero growth | Spero News
Posted by Matt
on September 30, 2011 [Subscribe Here]
My question is, when it happens, will there be war? Or even war to avert a financial crisis…