|
The problem with china is that banks are not privately owned and there's no transparency when it comes to the government. You don't know what they're doing or what they will do, and pretty much no one does. They've been "erasing" bad debt from their banks' balance sheets for years. How much is anyone's guess. Personally I'd stay away (not like you can directly invest in China as a foreigner anyway). I wouldn't expect a global collapse to be triggered by China anytime soon... it's just too opaque. There's rioting in the streets EVERY day there, you just never hear about it and nor do most of their citizens.
|