Bernanke doesn't rule out hard landing for China

Federal Reserve chairman Ben Bernanke said in a letter released on Friday 8 September that chances of an economic crisis in China were low, but that the chances of a "hard landing" for the economy could not be ruled out.

"We believe that the chance of a Chinese economic crisis is very low for the foreseeable future," Bernanke wrote in a August 30 letter to Senate Banking Committee Chairman Richard Shelby.

"Although the banking sector is burdened with an enormous and probably growing stock of pr

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