The Chinese Financial System and the Prospects for a Hard Landing in China | Anne Stevenson-Yang

In Episode 16 of Hidden Forces, Demetri Kofinas speaks with Anne Stevenson-Yang about the state of the Chinese economy. Total debt in China recently surpassed 300% of GDP. In the first 7 years since the financial crisis, bank liabilities in the Chinese financial system grew by nearly $15 trillion dollars - the near equivalent of the consolidated size of all US commercial banks. How much longer can the country go without a badly needed recession, and what will the fallout be when it finally does?