In China, a week can begin the financial crisis that hit the world economy. The situation is similar to the last week before the collapse of Lehman Brothers in 2008, but adjusted for the Chinese characteristics. Possible bankruptcy fund management wealth China Credit Trust Company unleash shadow banking system of China, and behind her – all the Chinese economy and the whole world.
In late January, the Asian event may occur which can be compared to the probable consequences to bankruptcy Lehman Brothers, which began with the 2008-2009 crisis. New crisis may also hit the entire global financial system. The Chinese economy will be in deep crisis, and later the same fate with Japan’s lost decade. Read the rest of this entry »