Hi everyone today I'd like to speak about China a power in expansion which would to become the main economic power in 2030. About China importants business newspapers wrote articles every day.
In China it seems that things are no so good and People of Communist Party know that.China is confronted with bad loans crisis. To mask this problem China Central Bank and clampdown the inflation introduces 1 year Loan Prime Rate (LPR) lending benckmark.
Making a parallel with the situation in US 2007-2008 we can say it resemble in both casses we have bad loans.This situation causes concer to chinese autorities they ensure us that everything is under control and at the end we still to wait sa see what's going happen.
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Image source: The guardian)
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