“China’s financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.  Beijing says it has studied the errors that led to the Lehman crisis in the 2008 and will not allow a chain reaction to occur, even if this means paying a price in terms of lost economic growth and dynamism.”

Read more: http://www.telegraph.co.uk/business/2018/01/23/china-promises-bank-rescue-next-crisis-market-prophets-warn/

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