No doubt a Chinese banking crisis would trigger a global banking crisis. I don't think many of us are prepared for that, so I hope it is certainly averted
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No doubt a Chinese banking crisis would trigger a global banking crisis. I don't think many of us are prepared for that, so I hope it is certainly averted
I am not sure how much a Chinese banking crisis would trigger a global one as much as the fallout within China.
It is the second largest economy plus being the world's manufacturing center. Hence, the fallout would have impact globally, just not sure where.
A banking crisis is not a good thing but China might not affect the US banking system too much. It would hit the US economy though.
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