The biggest threat of last year – a hard landing in China – seems to have resurfaced with several banks highlighting dangers that could still derail the world’s second largest economy.
Warning of an Impending Crisis in China
Skyrocketing property prices, mounting credit and a slowdown in gross domestic product growth to levels not seen in over a decade have China bears warning of an impending crisis.
According to the latest Bank of America Merrill Lynch European Fund Manager Survey, a Chinese hard landing and commodity price collapse is now the most feared tail-risk in the survey, according to one quarter of fund managers.
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