Saturday, 24 August 2019 03:02 GMT
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China's central bank governor seeks financial dangers crackdown




(MENAFN) Chinese newly appointed central bank governor has declared plans for reforms that target financial threats to be avoided and growing debt to be restricted.

Governor Yi Gang guaranteed that Beijing is well able and has the means to thwart possible financial and economic risks.

He also emphasized during an economic conference how increasing debt is "still a challenge" for state-owned companies, local governments and households.

The governor then pointed out that "China is in a good position to mitigate risks" considering its experience and resources.

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China's central bank governor seeks financial dangers crackdown

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