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China unseats eurozone as world’s largest banking system

China unseats eurozone as world’s largest banking system

Publicerat av Cecilia Helland tisdag, 07 mars 2017.

New analysis by the Financial Times shows China's banking system has overtaken the eurozone to become the worlds biggest by assets.

The status reflects the country’s increasing global influence and its reliance on growth driven by debt.

According to FT, China’s GDP surpassed the EU’s in 2011 at market exchange rates, but its banking system did not take over the top spot until the end of last year.

Read more at - https://on.rt.com/84vk

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Cecilia Helland

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