China fears banking crisis !

:eek:

"Nearly every China `nightmare' scenario begins with a banking crisis," said Jonathan Anderson, chief China economist for Goldman Sachs.

According to local statistics, the four large state-owned commercial banks have average non-performing loan ratios of 25 percent, while independent analysts put the true figure closer to 40 percent.

The markets expect some kind of bail-out costing the government up to US$500 billion, or the equivalent of India's GDP.

The government has already provided similar help in the past, but with little impact in terms of making the banking sector healthier.”

http://www.taipeitimes.com/News/worl...3/03/26/199563