European banks with their instability - is nothing compared with Chinese banks - by AMarkets materials.
The economy of China zakreditovana more than 300% of GDP. And the debt - State plus corporate - it's not the worst. The worst of the opacity of the financial system. According to statistics from the China authorities in September Assets Loans to companies were higher than $ 32 trillion. Over the past 12 months, assets increased by 14.7% - is higher than GDP growth rate of China twice. Or even better, if we assume that Chinese officials inflate GDP on a couple of points. The Chinese system clearly fails. Liabilities of banks increased by 15.5% over 12 months. American volume of liabilities to credit institutions is half - a comparison. In September, aggregate M2 amounted to 22.4 trillion $. It is 2 times more than the country's GDP. In America, the figure is no more than 70% in the EU - 81%. Investors are nervous especially against the background of the lack of complete and reliable information about the state of affairs in the country.