Could Total Losses for China's Banks Hit 8T Yuan?
As China’s stock market boomed in early 2015, financial services provided a fillip to an ailing economy. What a difference a year makes: share trading is down more than 80 percent and the number of companies selling stock for the first time has plunged 65 percent. The fading impact on growth from the nation’s financial sector is adding to a list of economic headaches that includes weak demand for exports and a glut of spare capacity in the steel and coal industries. Societe Generale Global Head of Flow Strategy Kokou Agbo-Bloua discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."