Sunday, August 21, 2011

Chinese (Non)Banks (Houses and Holes via Naked Capitalism)


Take an hour today to view this spectacular discussion about the contemporary Chinese banking system from G+ (h/t Patrick Chovanec). It includes the history of reform, the epic fallout of the 08/09 stimulus, real levels of debt, off balance sheet and non-performing loans, asset bubbles, the role of inflation, triggers for crisis, durability of growth, the future of consumption and the evolving political economy of Chinese banking. Every Australian policy-maker – neh, every Australian – should watch these videos.


READ FULL ORIGINAL POST HERE and HERE



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