03.02.2014 - Currency crisis at Chinese banks 'could trigger global meltdown’
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
Print