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Currency crisis at Chinese banks ‘could trigger global meltdown’

Posted on 03 February 2014

A rise in foreign funding at China’s banks poses a threat for international lenders. The growing problems in the Chinese banking system could spill over into a wider financial crisis, one of the most respected analysts of China’s lenders has warned.
Charlene Chu, a former senior analyst at Fitch in Beijing and now the head of Asian research at Autonomous Research, said the rapid expansion of foreign-currency borrowing meant a crisis in China’s financial system was becoming a bigger risk for international banks………………………………………..Full Article: Source


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