Bank Of China Representative: "The Real Economic Crisis Is Just Starting"

Interview with Zhu Min, Bank of China Vice President:

Q. Is overconfidence the biggest risk to the recovery?

A. It's not only overconfidence, it's overmyopic: Wall Street feels the crisis never happened. It seems to me the financial crisis is not over yet, but it has stabilized from a cliff drop. That's one thing. The real economic crisis is just starting.

(Fast forward to the last 40 seconds of the clip).

Here for the full clip.

h/t Jonis