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Bad Loans to Stir China Bank Crisis in 2016

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Bad Loans to Stir China Bank Crisis in 2016

by CFO Innovation Asia Staff, 09 December 2011
topics:
Finance and Banking
tags:
banking crisis finance industry financial crisis global investors
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China will face a banking crisis within the next five years, say global investors.

 

A Bloomberg Global Poll finds that sixty-one percent of respondents said they expect a crash in the financial industry by late 2016. Only 10 percent were confident China’s banks will escape trouble.

 

Investors fear that the slowing growth in China may boost non-performing loans which could lead to a financial crisis. The risk is a legacy of a record 17.6 trillion-yuan ($2.8 trillion) lending boom unleashed by Premier Wen Jiabao in 2009-2010 amid the global recession, says Bloomberg.

 

Meanwhile, enthusiasm for Chinese stocks has slumped among Bloomberg users. In the latest poll, 21 percent indicated China as one of the best places to invest over the next year, less than half the 44 percent who named China in an October 2009 Bloomberg survey.

 

 

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China Bank Crisis Led by Debt Seen by 61% in Global Poll
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