China has their own can of worms waiting to be opened. if the 'nasty' are uncanned now, coupled with the US slowdown, Europe disintegration, India's corruption/scandals, this will indeed be the perfect storm.
China Slowdown Stymies Plan to Curb Shadow-Banking Risks
China’s economic slowdown threatens to derail efforts to curb underground lending -- measures championed by Premier Wen Jiabao as crucial to future growth. The country grew in the second quarter at the slowest pace since the depths of the global financial crisis in 2009, 7.6 percent, putting pressure on China’s leaders to boost stimulus spending. Wen’s proposals to rein in the shadow-banking system, estimated to be about one-third the size of official lending, may be sidelined as a result, according to half a dozen economists interviewed by Bloomberg News. “With an economy slowing more aggressively than the authorities perhaps want, ... (full story)
- Posted: Jul 16, 2012 11:48pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,763