2,100 banks could be affected as China looks to curb the bad loan environment of its rural communities, Bloomberg reported.
  • Hypx
    11•1 year ago

    It could mirror the economic stagnation of Japan that begun in the 1990s. Very similar set of circumstances.

    • DdCno1
      0•1 year ago

      This stagnation had a devastating effect on Japan’s standing in the world. If it ends up doing the same damage to China, then there is no chance for the country to become a superpower.