2011-11-17

Professor Lang stays on theme

Lang Xianping's comments have been called exaggerated, but he stayed on theme today with his latest Weibo post (Google translated):
Following the debt crisis in Europe and America, 15, World Bank and the IMF warned that China's banking crisis will occur, resulting in a large number of recent European and American banks reducing state shares in the four lines. This crisis of the Great Leap Forward from four trillion infrastructure, resulting in severe local government debt default, leading to banking crisis. For example, 82% of the bank credit and infrastructure-related. European and American debt crisis led global stock market crash, the local government in April began the default is an important reason for the impact of China's stock market.
继欧美债务危机后,15号世界银行和IMF警告中国将发生银行危机,从而导致最近欧美银行大量减持国有四大行股份。这危机来源于四万亿基建大跃进,造成地方政府严重债务违约,从而导致银行危机。例如建行82%信贷和基建相关。欧美债务危机导致全球股市大跌,地方政府四月份开始的违约是冲击中国股市重要原因。

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