“We believe China faces rising risks of a systemic financial crisis and that the government needs to take action quickly to contain such risks.“ The cautious assessment from Nomura came as China re-appointed Zhou Xiaochuan, 65, as governor of its ...
Financial crisis forces households to cut spending by £3000 a year
Mr Lloyd said: “The squeeze on incomes and collapse in consumer confidence has led households to slash their spending during the financial crisis, with a devastating impact on the wider economy. “The longer the squeeze goes on, the longer this spending ...
China Fills Out Economic Team With Lou as Financial Risks Mount
The world's second-biggest economy faces a rising risk of a financial crisis because of excessive credit, elevated property prices, declines in the labor force and limited productivity gains, Nomura said in a report on March 15. A slowdown in “reform ...
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