BIS: China and other Asian countries will see worsening financial status

Bank for International Settlements (BIS) pointed out in its annual report warnings that some countries, China and other Asian countries in particular, would suffer deteriorating financial situations.

It said that its Asian economic system was more vulnerable than other emerging countries in face of the slowdown in the global economy, for Asia depends heavily on the global demands for electronics products and the demands would decline as a result of the recession in Japan and US.

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