Zhou Sounds Warning
By Zhang Fengming |
October 22, 2010, Friday
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Print Edition
Print Edition
CHINA faces increasingly significant risks of excess liquidity, inflation, asset price bubbles and bad assets, People's Bank of China Governor Zhou Xiaochuan warned.
He said that banks in China are still on track to expand liquidity while cross-border capital flows contain potential risks. He also pointed out that China's economy is expanding unevenly and all these signs indicate that China's financial system has a hard task in fighting systematic risks.
Zhou spoke at an International Monetary Fund meeting in Shanghai on Monday. His speech was released yesterday.
He said that banks in China are still on track to expand liquidity while cross-border capital flows contain potential risks. He also pointed out that China's economy is expanding unevenly and all these signs indicate that China's financial system has a hard task in fighting systematic risks.
Zhou spoke at an International Monetary Fund meeting in Shanghai on Monday. His speech was released yesterday.
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