Chinese bank shares tipped for a fall
The startling growth of credit in China is an indicator of serious asset-quality problems in the country’s financial sector, says Charlene Chu of Autonomous Research.
After trebling in size since 2008, China’s credit market is seeing slower growth, but is still expanding twice as fast as nominal GDP – and that’s not sustainable. So argues Charlene Chu, senior partner of UK firm Autonomous Research.
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