IMF warns Chinese banks

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AP
On Tuesday representatives of IMF warned China that its banking system is exposed to serious risk. IMF named uncertain national banks' asset quality, credit boom accompanied by rising property prices and lending outside prescribed banking sector as the main threats to Chinese financial intermediaries. According to IMF, Chinese banking system is likely to be seriously affected if several risks create difficulties simultaneously.

 

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Tue, 15 Nov 2011 08:15:03 GMT

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