Faculty News
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Prof. Robert Engle on financial risk in China
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![ABC Online logo ABC Online logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_042219.jpg?h=cd55d432&itok=b6slesvL)
Excerpt from ABC.net -- "So, what is happening in China is that the banks are taking a lot of risk; they've made loans to municipal governments and state-owned enterprises which are, by all reports, largely non-performing, many of which have gone into feeding a real estate bubble and, what is most likely to happen in China is that there will be big reforms and the Chinese government will pump a lot of money into the banks to clean up their balance sheet."
Faculty News
—
![ABC Online logo ABC Online logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_042219.jpg?h=cd55d432&itok=b6slesvL)
Excerpt from ABC.net -- "So, what is happening in China is that the banks are taking a lot of risk; they've made loans to municipal governments and state-owned enterprises which are, by all reports, largely non-performing, many of which have gone into feeding a real estate bubble and, what is most likely to happen in China is that there will be big reforms and the Chinese government will pump a lot of money into the banks to clean up their balance sheet."