China's Politburo Standing Committee has warned that the country needs to "guard against potential risks in the financial sector" but still "cement its domestic economic growth momentum." Concern has increased about rising loans in the shadow-banking industry and the "explosive" expansion in municipal debt. China "isn't going to pursue the old way of stimulus to push up growth at the expense of long-term structural reform,".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment