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China Banks Are Bankrupt - Joe Blogs
In this video I discuss the $8 Trillion Rural Banking market that is now on the verge of collapse. In 290 Chinese Rural Banks were merged with larger banks due to problems with their loan books. Problems in the Rural Banking sector are now becoming a major problem for China and its economy These issues could dwarf the problems encountered by the USA and Europe following the Global Financial Crisis and threaten to destabilize the Chinese Economy.
Chapters:
0:00 Intro
1:48 INTERBANK MARKET
6:12 BAD DEBTS
8:40 LOSSES
12:55 SUMMARY & CONCLUSION