springhill group seoul - BOJ official sees China for facing financial crisis
"China has not yet peaked with respect to working-age population ratio, but it is close," while loans are on the rise and property prices showed a clear upsurge through 2010, Nishimura told a conference in Sydney hosted by the Reserve Bank of Australia and the Bank for International Settlements.
"It is clear that not every bubble-bust episode leads to a financial crisis. However, if a demographic change, a property price bubble, and a steep increase in loans coincide, then a financial crisis seems more likely. And China is now entering the 'danger zone'," he said, according to the text of his speech posted on the BOJ's website. » springhill group seoul - BOJ official sees China for facing financial crisis |
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