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No economic crisis in China in the near future, a possibility of a hard landing for China’s economy, and non-performing assets in Chinese banks will continue to rise. These are the predictions of Ben Bernanke, Chairman of the U.S. Federal Reserve, as reported by Reuters on September 2. Whether his predictions are accurate or not remains to be seen. It is beneficial, however, to analyze the reasons why Bernanke made these remarks and examine the facts. Zuo Xiaolei, Chief Economist of China Galaxy Securities Co. Ltd., shares her views.
No economic crisis in China in the near future, a possibility of a hard landing for China’s economy, and non-performing assets in Chinese banks will continue to rise. These are the predictions of Ben Bernanke, Chairman of the US Federal Reserve, as reported by Reuters on September 2. Whether his predictions are accurate or not remains to be seen. It is beneficial, however, to analyze the causes why Bernanke made these remarks and examine the facts. Zuo Xiaolei, Chief Economist of China Galaxy Securities Co. Ltd ., shares her views.