Don't expect miracles from China's regulators
Bareksa • 10 Apr 2014
China bulls who have faith the authorities can always avert crisis - beware. Banking regulators in particular lack the tools to deal with systemic threats - (Reuters/Peter Thal Larsen)
China has lots of problems but the regulators can always sort it out
Reuters - Reporter, Jon Gordon, said, he think this is one of the big debates about China. Almost sometimes it resembles almost a debate about whether or not God exists. Some people basically say, China has lots of problems but the regulators can always sort it out, the authorities can always keep the system under control. Other people question that. And we think, really, this idea of the omniscient regulator in China has got to go, this myth has got to be busted.