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?
2 comments:
rajeev,
can you please post the aritcle.
thanks
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?
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