The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
Opinion
Opinion
Mounting local government debt a crisis in the making in China
Hu Shuli says authorities must rein in credit creation, audit the accounts and require more transparency in an overhaul of the regulatory regime
The central bank should lead the new regulatory regime, and facilitate co-operation and information sharing such as with the China Banking Regulatory Commission. Photo: Bloomberg
