Guo Shuqing, Communist Party secretary of the People’s Bank of China (PBOC), says the US stock market is the greatest bubble risk in the global economy. Photo: Simon Song
Guo Shuqing, Communist Party secretary of the People’s Bank of China (PBOC), says the US stock market is the greatest bubble risk in the global economy. Photo: Simon Song

China warns ‘side effects’ of US economic stimulus risk causing sharp market correction

  • Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, says Chinese officials are ‘very worried’ that foreign asset bubbles will burst
  • Guo says high valuation of US stock market, the world’s largest, means it is the most at risk of a ‘serious run in the opposite direction’

Guo Shuqing, Communist Party secretary of the People’s Bank of China (PBOC), says the US stock market is the greatest bubble risk in the global economy. Photo: Simon Song
Guo Shuqing, Communist Party secretary of the People’s Bank of China (PBOC), says the US stock market is the greatest bubble risk in the global economy. Photo: Simon Song
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