Rory Green, an economist at TS Lombard, a London-based independent research firm, noted that the possibility is low for a financial crisis to take place in China partly as the state controls most of the financial system.
“At a macro level, we think there’s a very small chance of a great financial crisis US style credit blowout, basically the [Communist] Party essentially controls all the balance sheets,” said Green. “They are very adept at shifting the debt between [the groups].”
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