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Friday, July 1, 2022

China regulator says debt defaults natural

China regulator says debt defaults natural© Reuters. Guo Shuqing, China’s newly appointed banking regulator, attends a news conference ahead of China’s parliament in Beijing

SHANGHAI (Reuters) – China’s banking and insurance regulator Guo Shuqing said on Thursday debt defaults are a natural occurrence and China’s default rate was much lower than many other countries.

Guo was speaking at a financial forum in Shanghai.

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Source: Investing.com

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