Posted inHKFP Voices

Non-performing loans and capital outflow: Is China on the verge of a banking crisis?

By Damian Tobin, SOAS University of London A variety of indicators suggest that China has come perilously close to a banking crisis. So far, the government has managed to keep things in check. A state-led debt restructuring indicates Chinese officials have learnt some of the lessons of the bad loan crisis faced by state banks in […]