China Takes Action to Address Debt and Property Risks
TL;DR Summary
Chinese financial regulators have pledged to take further measures to address the risks posed by local government debt and the struggling property sector, which is considered one of the biggest risks to the country's economy. Financial agencies have been instructed to coordinate support for local governments as they tackle debt risks.
Topics:business#chinese-regulators#debt-risks#economy#financial-agencies#local-government-debt#property-sector
- Chinese regulators pledge further steps to tackle debt and property risks South China Morning Post
- China Urges More Loans, Debt Risk Reduction as Woes Compound - Bloomberg Bloomberg
- China vows to coordinate support to resolve local government debt risks Reuters
- China tells financial executives to boost loans, cut debt risks Gulf News
- Boost loans, cut risk, China tells banks 台北時報
- View Full Coverage on Google News
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