A banking crisis in China is a growing risk for the world economy according to the banking industry's global watchdog.
The latest quarterly report from the Bank for International Settlements says China's credit-to-GDP gap is three times over the danger level.
That indicator is calculated from borrowing levels in relation to the size of the economy, compared to the long-term trend.
Danny Cox of stockbroker Hargreaves Lansdown says the problem is of international concern.
IN: "Ever since…
OUT: …sector."
DUR: 27 seconds
http://www.fsnradionews.com/feeds/0919china-cox1.mp3
The latest quarterly report from the Bank for International Settlements says China's credit-to-GDP gap is three times over the danger level.
That indicator is calculated from borrowing levels in relation to the size of the economy, compared to the long-term trend.
Danny Cox of stockbroker Hargreaves Lansdown says the problem is of international concern.
IN: "Ever since…
OUT: …sector."
DUR: 27 seconds
http://www.fsnradionews.com/feeds/0919china-cox1.mp3