[2016-09-21] China’s Increasing Debt Burden Could Affect the Bitcoin Economy

[tyz]

China’s Increasing Debt Burden Could Affect the Bitcoin Economy

According to the Bank for International Settlements’ credit-to-GDP gap, China could be dangerously close to a banking crisis that could threaten the future growth of the entire economy. The Bank for International Settlements (BIS), a widely-respected financial watchdog, has reported that China’s “credit-to-GDP gap” has reached 30.1...

https://news.bitcoin.com/chinas-debt-burden-stymie-bitcoin-mining/

[a7mos]

an economic crisis in china will affect the whole world not only bitcoin. it may even lead to a world war between china and other countries. it can affect the bitcoin network really bad