Luo warned that mounting debts threatened the economy. Photo: AFP Luo warned that mounting debts threatened the economy. Photo: AFP
Luo warned that mounting debts threatened the economy. Photo: AFP
China economy

Former Chinese finance minister Lou Jiwei attacks regulators for ‘failure’ to act over risk

  • Lou tells forum that central bank had not acted to tackle problems and warns mounting debt threatens the economy
  • Collapse of Baoshang Bank and recent bond defaults cited as examples of poor oversight

Topic |   China economy
Luo warned that mounting debts threatened the economy. Photo: AFP Luo warned that mounting debts threatened the economy. Photo: AFP
Luo warned that mounting debts threatened the economy. Photo: AFP
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