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

VIDEO: Lead Round Nose Bullets For Self-Defense

With how poorly standard pressure .38 Special hollow points generally perform out of a snub-nosed revolver, you might be wondering how inexp...