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China's weak banking system threatens economic growth, reforms: experts by P. Parameswaran Tue Aug 22, 5:48 PM ET Saddled with bad loans, China's critically weak banking system risks stifling its rapid economic growth and reform process, Standard and Poor's pointman for Asia-Pacific ratings warned. Michael Petit, the global ratings agency's managing director of Asia-Pacific corporate and government ratings, said "the most visible weakness" of China's banking system was the extent of its problem loans, which the agency estimated at 500-650 billion dollars at the end of 2005. In contrast, China's official figure is about half the agency's estimate at 225...

It's India Above China in New World OrderHBSWK Pub. Date: Jul 28, 2003 Can India overtake China? That's the title of an influential new article in Foreign Policy magazine. A Q&A with authors Yasheng Huang of MIT and Tarun Khanna of HBS. by Martha Lagace, Senior Editor, HBS Working KnowledgeComparing India and China is to embark on an old puzzle that has fascinated smart people for centuries. The newer question of economic leadership, however?Which country will overtake the other in the foreseeable future?" —is an urgent and important one, according to a provocative article in the July-August issue of...