Scenarios for How China’s Financial Crisis Could Play Out (Video)

By Valentin Schmid
Valentin Schmid
Valentin Schmid
Valentin Schmid is the business editor of the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
September 25, 2015 Updated: September 27, 2015

Many analysts support Chinese leader Xi Jinping’s view that China can make a successful transition to a consumer-driven economy. Epoch Times business editor Valentin Schmid thinks China will have to restructure its bad debts first and discusses several scenarios how a Chinese financial crisis can play out.

Valentin Schmid is the business editor of the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.