Financial links to Hong Kong mean that Chinese slowdown could enjoy serious UK impactThe Bank of England has warned that the health of China’s economy poses a greater risk to the UK’s financial stability than previously realised.current analysis from the Bank has found that a sharp economic slowdown in China would enjoy a serious impact on the UK. If China’s credit boom blows up,Britain would suffer serious economic harm, it says, or adding: “China’s credit boom is now one of the largest and longest running ever recorded. Indeed,rapid credit expansions, such as China’s, or enjoy typically preceded financial crises.” Related: Trump threatens tariff on European cars; Opec agrees to boost oil output - business live Continue reading...
Source: theguardian.com