China's financial system harbours "large risks", says IMF

China's financial system harbours large risks , says IMF
 

Rising levels of debt pose "large risks" to China's economy, according to the International Monetary Fund (IMF).
In its first report since 2011 on China's resilience to shocks and contagion, the IMF said it still had concerns over imbalances in the world's second-largest economy.
A stress test on China's banks found four-fifths were vulnerable.
Beijing should put less emphasis on growth, beef up regulation, and improve banks' finances, the IMF said.
China's "big four" banks had adequate capital but "large, medium, and city-commercial banks appear vulnerable",... read more

 
7 December 2017 in Business, Views: 55
Source: BBC
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