Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg
Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg
China economy

China’s central bank chief says too much optimism could cause a ‘Minsky moment’

High levels of local government borrowing, rising household debt levels are causes for concern, Zhou Xiaochuan says

Topic |   China economy
Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg
Zhou Xiaochuan, governor of the People’s Bank of China, said on Thursday that excessive optimism during a boom period could create conflict and spark a “Minsky moment”. Photo: Bloomberg
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