Wednesday, November 23, 2005

chinese banking crisis continues

nov 23rd

i dont pretend to understand this in detail, but in summary, china's banking system is still in bad shape.


cyniclearner said...


can you please post the aritcle.


san said...

China's banking system is a bubble waiting to burst, not unlike the US home equity market. The Chinese govt is aware of the situation and is trying to gradually defuse it.

While American democracy provides the resilience to withstand the shock of a bubble collapse, can the brittle Chinese authoritarian system withstand a similar shock, which would affect everyone in that country?