The Federal Reserve Bank of New York is near collapse, for it failed to pay back

In spring 2009, a bank examiner inside the Federal Reserve Bank of New York called colleagues with worrisome news: The global banking giant that despite taking more than $476 billion in bailout cash and guarantees, the most of any rescued bank, was near collapse.

Even though the country’s growth has slowed, the Chinese economy is more than 25 times bigger than it was in 1990. By 2025, China is expected to have 221 cities with over a million inhabitants and 23 cities with more than 5 million people.