information agency "Bloomberg": crash of Silicon Valley Bank and Credit Suisse Group AG can stimulate development economy China

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The unstable situation in the banking sector of United States of America and Europe, caused by crash of the large investment credit organization Silicon Valley Bank and financial difficulties of the Swiss Credit Suisse Group AG, can render an additional impulse to development economy China. The local banking sector is in many respects protected from similar problems because of a strong role of regulatory bodies, reports agency information agency "Bloomberg" with reference to participants of the market. "Financial instability strengthens rejection of credit risks around the world and increases probability of recession in many economy, behind one noticeable exception — in China...
Credit Suisse
Main activity:Finance
Political ideology:Communism, Maoism, Chinese socialism.
Bank of China
Main activity:Finance