China's endless moral hazard

Right now it looks like no bank is too big or too small to fail in China. With auto bailout systems for banks at every level, it doesn't matter how much a local bank may be underperforming -- the government has got its back. Associate Professor Victor Shih from Northwestern University in the US spoke at the second Annual Global Recovery Investment Summit that was arranged by AsianInvestor and FinanceAsia in Hong Kong this week to discuss more closely this dilemma and the issue of wh…