FORA Economy

Season 2009 Episode 1208

Chinese Banks Have Plenty of Room to Expand

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Chinese Banks Have Plenty of Room to Expand
AIRED:
Jing Ulrich, Managing Director and Chairman of China Equities and Commodities at JP Morgan, spoke on the Asian Economies Post-Crisis Panel at the Salzburg Global Session "Emerging Asian Powers: Rivalry and Global Responsibility."According to her, China's impressive recovery resulted from a substantial increase in government spending and a massive state-directed easing of credit, channeled through its well capitalized banking system. She argued that the banks still had plenty of unused lending capacity left to counter any risk of a future downturn. She said China's households seem to finally be beginning tp spent and invest giving a consumption-led push to the economy.moreless

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