Central Banks
Top PBOC Official Says He’s Not Too Worried on China’s Economy
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A senior official at the People’s Bank of China says he’s sanguine about the economy because some debt risks will recede and the property market has long-term potential.
Global investors have concerns about the Chinese economy including its pace of recovery, and with problems related to real estate and local government borrowing, Deputy Governor Zhang Qingsong acknowledged in a speech in English at a global finance summit held by Hong Kong’s de facto central bank.