Pettis on Strains in China's Banking System; Avoiding the Fall
MishTalk
DECEMBER 26, 2014
Next year will be a very important year for China because possible strains in the banking system and the intensity with which the reformers present their case will give us a better sense both of how much debt capacity the country retains and of how well positioned Xi Jinping and his allies are to implement the needed reforms.
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