The next financial crash is imminent, and China’s resource crisis could be the trigger

Over three decades, the value of energy China extracts from its domestic oil, gas and coal supplies has plummeted by half

By Nafeez Ahmed

Source: naturepost

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China’s economic slowdown could be a key trigger of the coming global financial crisis, but one of its core drivers — China’s dwindling supplies of cheap domestic energy — is little understood by mainstream economists.

All eyes are on China as the world braces itself for what a growing number of financial analysts warn could be another global economic recession.

In a BBC interview to mark the 10th anniversary of the global financial crisis, Bank of England Governor Mark Carney described China as “one of the bigger risks” to global financial stability.