Carl Walter, former COO of JP Morgan in China and CEO of its China banking subsidiary, paints a gloomy picture of the Chinese banking system and outlines the possible risks involved. In the aftermath of 2008’s global financial meltdown, China’s financial system seemed to have emerged unscathed. The country’s economic configuration, often dubbed “Capitalism with Chinese characteristics” by Chinese […]
Stephen Roach on the US and China’s Unhealthy Codependency
Stephen Roach, former Chairman of Morgan Stanley Asia, believes that the US and China’s codependency will lead to further imbalances in the global economy. In June last year, an unlikely set of visitors descended upon a private estate at the edge of California’s Mojave Desert. Over the next two days, the leaders of the two […]
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