Global investors have concerns about the Chinese economy including its pace of recovery, and with problems related to real estate and local government borrowing, Deputy Governor Zhang Qingsong acknowledged in a speech in English at a global finance summit held by Hong Kong’s de facto central bank.
Top PBOC Official Says He s Not Too Worried on China s Economy bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
MIL-OSI Asia-Pac: Speech by CE at Global Financial Leaders Investment Summit (English only) (with photos) foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
Speaking at an international financial summit in Hong Kong on Tuesday, People’s Bank of China’s (PBOC) Deputy Governor Zhang Qingsong said that he is “not too worried about the Chinese economy.” He added that the “overall debt level of the Chinese government is in the mid to lower range by international standards.” Market reaction At the time of writing, AUD/USD is testing intraday lows near 0.6470, down 0.22% on the day, unfazed by the PBOC official’s upbeat remarks.
Finance and investment experts have prioritized preserving Hong Kong s status as a financial hub and supporting the channeling of substantial funds into the country. This move contrasts with Western concerns over a slowdown in the Chinese economy.