Protests In China: The Story Behind the Bank Scandals.
Patrick Boyle On Finance
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The Chinese Financial System Is a Big Loss to the Economy
There are huge losses sitting there in China due to decades of malinvestment that are only now being recognized by the state. The decision as to who takes these losses will of course have huge long-term economic implications. It's very hard to predict what will happen though as this will be very politically driven. There's a chance that we'll see a lot of economic stimulus to kickstart the property market and increase confidence amongst lenders and bank depositors.
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