CHINA IS UNDER CRISIS TURMOIL, INDONESIA WILL BE AFFECTED?

In the forum of bahana economic: the end game for china, chief economy banking policy, it's highly discussed that the panda country facing the turmoil crisis. The main reason of the crisis is the shadow banking in which the chinese can freely borrow the money by means of internet. What cause the great crisis is unwell management of shadow banking, government doesn't provide good management thus the finance sector in that country is out of control.

Currently, the debt over of that panda country is 250 percent above gross domestic product. On account of this over debt, china is mostly close to the great financial crisis turmoil. The crisis of china is surely affecting the other countries especially the south east asia's. The undisputable fact in term of economy, china is one of the most powerful country even juxtaposed with USA. The trade of China which pervades to the entire market especially in south east asia becomes the main factor how the economic issue of that country is decisive for the others. 

After the decision of china to devaluate its currency to overcome the crisis, it faces another problem of shadow banking by which the crisis is mostly the issue to soon devastate the country's economy. 

Indonesia is one of the business partner of china. It even lent the money to bolster government programs of infrastructure in Indonesia. This means the possibility of china's crisis will nevertheless influences Indonesia's economy. China is the main export destination of indonesia. This means export of the country will nonetheless becomes one of sector affected if china will soon be overlapped by financial crisis. 

The head of economy banking policy, yogi affandi stated that mostly export is the big sector influenced by china crisis. Meanwhile, finance sector will not much affected except USA will face the same issue. According to yogi, since the currency for international trade used by the country is dollar thus only USA crisis will only begets financial fall down to indonesia. 

The issue of china is to face crisis turmoil is upheaval discussed by international economy watcher. For instance Japan economy market in chief, jevin lai described that the panda country is already 30 percent to have economy down fall.