Reuters logo
China's economy still facing relatively large downward pressure: banking regulator
November 29, 2017 / 2:59 AM / 14 days ago

China's economy still facing relatively large downward pressure: banking regulator

BEIJING (Reuters) - China’s economy is still facing relatively large downward risks that may become apparent by early 2018, a senior official of the banking regulator said on Wednesday.

A man rides an electric tricycle past residential apartment blocks under construction on the outskirts of Beijing, China, November 29, 2017. REUTERS/Thomas Peter

Yu Xuejun, head of the China Banking Regulatory Commission’s regulatory board for key state-owned financial institutions, said during a event hosted by Caijing that China’s economic stimulus measures have been overly strong, resulting in asset bubbles.

Reporting by Elias Glenn and Ma Rong; Writing by Se Young Lee; Editing by Kim Coghill

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below