Quote:
Originally Posted by patriot2342001
Its financial system is more tightly regulated and less dynamic than the American one, but also more stable, Chinese economists argue.
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Reminds me of the Japanese in 1991, right before their bubble burst.
The simple fact in China is no one knows what condition their banks are in because the government will cover them up for as long as they can. Japan was the same way.
But covering up can only go so far, and generally it causes more harm than not.