China’s economy still facing relatively large downward pressure: banking regulator

BEIJING (Reuters) – China’s economy is still facing relatively large downward risks that may become apparent by early 2018, a senior official of the banking regulator said on Wednesday.

Yu Xuejun, head of the China Banking Regulatory Commission’s regulatory board for key state-owned financial institutions, said during a event hosted by Caijing that China’s economic stimulus measures have been overly strong, resulting in asset bubbles.

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