Chinese Banks On Verge Of Collapse, Debt Unsustainable
Chinese Banks On Verge Of Collapse, Debt Unsustainable
Corporate debt in the world’s second largest economy is growing, increasing the likelihood of a banking crisis in the next few years, according to a new financial report. China’s credit-to-GDP ratio stands at 30.1 in the first quarter of 2016, the Bank for International Settlements (BIS) revealed in a report on Sunday. BIS, an international banking…
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Sure is empty down here...