Many analysts support Chinese leader Xi Jinping’s view that China can make a successful transition to a consumer-driven economy. Epoch Times business editor Valentin Schmid thinks China will have to restructure its bad debts first and discusses several scenarios how a Chinese financial crisis can play out.
Scenarios for How China’s Financial Crisis Could Play Out (Video)
By Valentin Schmid
Valentin Schmid
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
September 25, 2015Updated: May 15, 2023
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