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the firm has a sizeable exposure to china's real estate industry that has been rocked by serious financial problems like evergrande and country garden. having a look at how this impacts the chinese economy i have been speaking to andrew collier, an expert on shadow banks. the bigger threat is not so much a meltdown like the united states had in 2009. that occurred because there was lots of liquid products sold in wall street, and when the property market went down, those products very quickly had to be revalued. went down, those products very china, most of its debt is held in these ...

and when the property market went down, those products very quickly had to be revalued. china, most of its debt is held in these shadow banks and in some of the bricks and mortar banks so the rate of decline can be slowed a little bit. however, the bigger issue is debt. overall, the debt in the property sector is huge. as much as 30% of bank assets, and that will take a long time to unwind, and the central of government is very reluctant to step in and probably can't have enough cash. under the circumstances, what needs to be done? the government has to make decisions on allocating d...

Pioneering scholar Riane Eisler describes her lifelong quest to understand why warlike societies are the norm