Deripaska: equity rout of Chinese market only first act of financial drama

RUSAL Chief Oleg Deripaska told Bloomberg that the equity rout of the Chinese financial market may only be the first act of a drama.

He wonders how the country will be able to service its debt if it has so many loss-making industries.

Oleg Deripaska said that the growth of the Chinese economy was based upon a very loose monetary policy. “They give money literally to everyone, that’s why we can see so much new capacity built," he noted.