Adair Turner, Senior Fellow at the Institute for New Economic Thinking and former Chairman of the FSA, delivered some fascinating insights on the future of the Chinese economy on Robert Peston’s BBC documentary “How China Fooled the World”. He traced the rapid rise of China’s shadow banking system and argued that, though you’d have to be brave to bet against China’s ability to manage problems, the sheer rapidity of credit growth in China since the financial crisis suggests a crash could be on its way.
You can listen to Adair’s 2014 global economic outlook below:
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