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1.Market Observations, 8.Was Sticky

21 Sept 2016 (TheAge) – Fear that China debt bubble will burst

(21 September 2016, The Age, BusinessDay, p19, Elizabeth Knight)

‘China is shaping up as favourite to fall victim to a major banking crisis, according to a dire and frightening warning from the Bank for International Settlements.The scale of China’s debt is enough to create major markets shock around the world. Such an event would put Australia’s economy directly in the firing line. Making this view all the more formidable is the fact that the Bank for International Settlements which looks after the world’s central banks and makes the rules on the strength of banks, has based its concerns on a fairly straightforward measure of the country’s debt relative to the size of the economy.’



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