I remember one of those “coming collapse of China” prognosis specifically cite non-performing loan and collapsing banks as one of the imminent danger that would destroy China. So guess from this we can assume one such doomsday scenerio has been averted?
“And, why can’t they lend money at a lower interest rate?”
Urgh I think China is actually RAISING rates to cool the economy.
1 opinion for Banks Make $35.8 billion
Falen
Oct 7, 2007 at 11:58 pm
I remember one of those “coming collapse of China” prognosis specifically cite non-performing loan and collapsing banks as one of the imminent danger that would destroy China. So guess from this we can assume one such doomsday scenerio has been averted?
“And, why can’t they lend money at a lower interest rate?”
Urgh I think China is actually RAISING rates to cool the economy.
Have an opinion? Leave a comment: