China Crises ...

[mudskipper]

Round about the same time I was dating a David Sylvian lookalike.

[mudskipper]

I love China Crisis!!!!!

I snogged Gary Daly in 1983.

[AlfredJPruffock]

Today China - tomorrow Der World

[doodab]

The IMF has urged reforms, including allowing banks to rely more on market mechanisms such as interest rates.

"China's banks and financial sector are healthy, but there are vulnerabilities that should be addressed by the authorities," said Jonathan Fiechter, the head of the IMF team that conducted the review.

The IMF has recommended the Chinese government play less of a role in the banking system, and allow lending decisions to be based on commercial goals.

The current system has encouraged over-investment and fuelled asset bubbles, said the IMF.

"While the existing structure fosters high savings and high levels of liquidity, it also creates the risk of capital misallocation and formation of bubbles, especially in real estate," said Mr Fiechter.

Because that doesn't happen when banks rely on market mechanisms does it?

Dear IMF dude, are you high?

[AlfredJPruffock]

Yeah me too - and lets not forget Japan - anything for a Quiet Life






Boys, now the times are changing
The going could get rough
Boys,
...would that ever cross your mind?
Boys,
... are you contemplating moving out somewhere?
Boys,

...will you ever find the time?

[northernladuk]

I love China Crisis!!!!!

[AlfredJPruffock]

IMF says Chinese banks face risks, urges quick action


The International Monetary Fund (IMF) has warned that China's financial system "faces a steady build up in vulnerabilities".

In a review, publicly released on Tuesday, the IMF said that banks were robust enough to withstand isolated shocks.

But not, it said, combined exposure to credit, property and currency risks.

The IMF has urged reforms, including allowing banks to rely more on market mechanisms such as interest rates.

"China's banks and financial sector are healthy, but there are vulnerabilities that should be addressed by the authorities," said Jonathan Fiechter, the head of the IMF team that conducted the review.

The IMF has recommended the Chinese government play less of a role in the banking system, and allow lending decisions to be based on commercial goals.