The central bank is under constant pressure from local governments to loosen monetary policy. Photo: Bloomberg
The central bank is under constant pressure from local governments to loosen monetary policy. Photo: Bloomberg

The root cause of China’s financial fragility – according to its central bank chief

Constant calls for looser monetary policy are putting the country at risk, says long-standing PBOC boss

Topic |   China economy
The central bank is under constant pressure from local governments to loosen monetary policy. Photo: Bloomberg
The central bank is under constant pressure from local governments to loosen monetary policy. Photo: Bloomberg
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