China risks financial crisis - Nomura.

China's economy is showing the same symptoms that sparked the financial crisis in 2008, Nomura warns, citing a spike in leverage to a record 155% of GDP in 2012, a fall in potential growth, and soaring property prices. Should the government maintain loose monetary policy this year, the risk of a crisis in 2014 would increase. "The true extent of the financial risks in China is not fully appreciated by investors," Nomura says.