- Global markets have overstated the risks posed by China and underestimated the country's ability to continue reforming its economy, according to HSBC CEO Stuart Gulliver.
- He argued that China does not suffer from the same limits common in other emerging markets, but did say that the nation's banks would need a combination of measures to resolve the ongoing challenge of mounting bad loans.
- Earlier this week, Tidjane Thiam, chief executive of Credit Suisse, said he also did not understand the "obsession" with China's slowing growth.
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