China’s Property Risks ‘Manageable,’ PBOC Governor Says
- Beijing is also paying attention to local government debt: Pan
- Household demand to support real estate in long term, Pan says
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China’s property sector risks are under control, central bank Governor Pan Gongsheng said, amid heightened concern over the financial health of another major developer in the troubled industry.
“We’re closely watching financial risks in certain sectors,” Pan said in an interview with state broadcaster China Central Television published on Friday. “Overall, financial risks of the property sector are manageable.”