Why? Isn't the Chinese banking system guaranteed by the state? Same as Australia and the rest of the western world. The currency is the monopoly of the state. And the state is guaranteed by its people. Is China running out of people? As a matter of fact - there is a Chinese bank branch in Sydney (Haymarket). HCBS and that bank are the preferred institutions to Sydney's Chinese community.
The World Bank has done a century long forecast on the emerging markets. The chart below which shows predicted GDP growth rates for a 100 year period from 1950 to 2050.
Doubt that i will be trading in 2050, but those who are planning to stay around may want invest in the growing economies of the world and their monopolies such as the currency.
