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RSS FeedsUK faces risk from slump in China, warns Bank of England
(The Guardian China)

 
 

23 june 2018 18:20:18

 
UK faces risk from slump in China, warns Bank of England
(The Guardian China)
 


Financial links to Hong Kong mean that Chinese slowdown could have serious UK impactThe Bank of England has warned that the health of China´s economy poses a greater risk to the UK´s financial stability than previously realised.New analysis from the Bank has found that a sharp economic slowdown in China would have a serious impact on the UK. If China´s credit boom blows up, Britain would suffer serious economic harm, it says, adding: `China´s credit boom is now one of the largest and longest running ever recorded. Indeed, rapid credit expansions, such as China´s, have typically preceded financial crises.` Related: Trump threatens tariff on European cars; Opec agrees to boost oil output - business live Continue reading...


 
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