There is a risk of a banking crisis in China: experts of Bank of International Settlements say

Beijing. March 13. Silkroadnews - According to the Bank of International Settlements, China is one of the economies most at risk of a banking crisis, CNBC reported.
The bank’s report on a study of the early signs of a banking crisis indicates that China’s debt, measured by the difference between loans and GDP, exceeds the amount that could lead to a system crisis. The country also has a high debt service ratio, which makes its banking system more vulnerable.
According to the report, in addition to China, Canada and Hong Kong also have a high risk of banking crisis, partially caused by rising real estate prices.
Earlier, a report released in December, the International Monetary Fund identified three major problems in China’s financial system that could undermine the world’s second largest economy.
But Chinese authorities had acknowledged those risks and taken action to slow down debt accumulation even before the IMF report was released. China accelerated those efforts in 2017 by strengthening regulatory oversight and closed several loopholes in the economy, the report reads.