Illustrating China's Shadow Banking Problem
Economy | Information | History | Online | Facts | World | Global | Money
Perhaps the biggest wild card in the world economy right now is China. Will the world's second-biggest economy keep growing strongly, or will it suffer for all the money it's borrowed in the past five years? The WSJ's Ken Brown explains a major risk in China's financial system. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit us on Facebook: http://www.facebook.com/wsjlive Follow us on Twitter: https://twitter.com/WSJLive Visit the Wall Street Journal: www.wsj.com
Comments
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Basically that is how the Mafia operates in the black market economy...the loan money out at higher rates, eventually the Ponzi scheme collapses when the borrowers cannot repay...they get hurt but the system eventually collapses.
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pretty nice illustration!
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