By William Pesek
Bloomberg - Feb 6, 2014
On any list of banking accidents waiting to happen, China is assured a
place at the very top. But could a crash there take the entire global
economy down with it?
Absolutely, says Charlene Chu,
who until recently was Fitch's headline-generating analyst in Beijing.
Chu has fearlessly trod into an area that China is trying desperately to
keep off limits: its vast shadow-banking system. Now that she's working
for a private firm that doesn't have to rely to governments for
revenue, as do rating companies, Chu is free to speak completely openly.
And is she ever.
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