China’s Banking System Part of the Problem, Not a Solution, to Current Crisis – Rhodium Group
As the epicentre of the coronavirus outbreak, China was the first to suffer its devastating impact as the country went into lockdown and its economy ground to a halt. But will China be able to launch a sustained bounceback, as it did after the 2008 financial crisis? According to Logan Wright, Director and Daniel Hosen, Partner at Rhodium Group, China no longer has the option of launching a large-scale, bank-led stimulus package to inject a new lease of life into its frozen economy.
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