Is this the start, the moment where reality bites, and fear replaces ambivalence?
No, this is not about another made-in-China pandemic – though at the time of writing, a rather nasty pathogen, brewed in Wuhan, was threatening to go global.
Broadly, it is about the state of China’s banking system, for so long the driver and bedrock of Asia’s largest economy. Specifically, it bears a loaded question: does the state of a smallish provincial lender signal the onset of a full-scale banking crisis?
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