Wednesday, November 16, 2011

IMF Says Chinese Banks May Be in Trouble

The IMF has warned China about its banks.
In a report published today, it states that China's banks are strong enough to support isolated crises, but incapable of overcoming a crisis derived from overexposure to credit, housing bubbles, and the currency values.

No comments:

Post a Comment

Ragnorok Part XIV -- Escalation

Things are hearing up quickly in the Russian-Ukrainian conflict. I saw a meme from the Babylon Bee a week or two ago stating that the Democr...