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
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’

Topic |   China economy
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
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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