Charlene Chu, head of China financial institutions for Fitch Ratings, talks about the nation’s banking industry and the alarming credit bubble which appears to be bursting. Total lending from banks and other financial institutions in China was 198 percent of gross domestic product last year, compared with 125 percent four years earlier, according to calculations by Chu. She speaks in Hong Kong with Zeb Eckert on Bloomberg Television’s “First Up. Albert Edwards of SocGen labelled her a hero.
Charlene Chu on China