China facing full-blown banking crisis, world’s top financial watchdog warns

By Ambrose Evans Pritchard Via telegraph.co.uk 

  • “Outstanding loans have reached $28 trillion, as much as the commercial banking systems of the US and Japan combined. The scale is enough to threaten a worldwide shock if China ever loses control. Corporate debt alone has reached 171pc of GDP, and it is this that is keeping global regulators awake at night”

china-debt-to-gdp

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