Will China’s financial bust ever come?

Business & Technology

A credit-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.