China's endless moral hazard

Victor Shih of Northwestern University speaks about the ambiguous boundary between public spending and corporate debt.

Right now it looks like no bank is too big or too small to failĀ in China. With auto bailout systems for banks at every level, it doesn't matter how much a local bank may be underperforming -- the government has got its back.

Associate Professor Victor Shih from Northwestern University in the US spoke at the second Annual Global Recovery Investment Summit that was arranged by AsianInvestor and FinanceAsia in Hong Kong this week to discuss...

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