Thought July 29, 2019 / 06:28 am UTC
China: Failing Small Banks a Sign of Troubled Times
On July 28, several big Chinese financial institutions acquired an ailing smaller bank. Alongside a previous episode of bank bailout, these represent consequences from high leverage, official deleveraging efforts, and slowing growth. China’s overall financial system will likely stay stable, although there may be more bailouts in the months ahead.