Will China’s financial bust ever come?
Acredit-to-GDP gauge from the Bank for International Settlements shows that China reached a record high of 30.1 percent in March 2016. "It's the single most reliable indicator of looming financial crises, according to the BIS, which found in a 2011 analysis of 36 countries that a majority of banking crises followed readings higher than 10 percent." Related: For a more sanguine take, listen to our Sinica Podcasts: Why China bears are wrong: An interview with Andy Rothman and Arthur Kroeber vs. The Conventional Wisdom.
China in 2 minutes a day
More from SupChina
Friday, December 02
Dec 02, 2016