Anthony Bolton: 'A Western-style banking crisis in China is extremely unlikely'

China's stock market has been one of the worst performing this year, falling to a four-year low in June, partly over fears of a debt explosion and potential banking crisis in the country. In October, Standard & Poor's Ratings Service issued a negative outlook on the banking industry, saying "a regional banking crisis [in China] isn't out of the question". However, Bolton, who is set to stand down from managing the Fidelity China Special Situations trust next year, said people make the mistake of making predictions for China based solely on their Western experience. "As a largely fi...