Head of the China Banking Regulatory Commission speaks to CCTV. Via BBG
- Looking to control LGFV loans growth
- LGFV risks lower than normal loans
- Property loans risks controllable
- Banks facing increasing risks
- Shadow banking risks are manageable
Apart from growth declining the Chinese financial and fiscal systems are the next biggest threat. They need to reign in local government spending for one, but it?s likely they?ll just print their way out of any problems like everyone else.
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