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3Novices:Opinion: Why China’s financial system is safer than you may think

Chinese officials are far better at self-criticism than their counterparts elsewhere.
Ten years ago, then premier Wen Jiabao declared that the country’s economy was “unstable, unbalanced and unsustainable”. Last month, the governor of China’s central bank, Zhou Xiaochuan, blasted the country’s financial system as, if I were to paraphrase, “messy, shaky and risky”.
These are all music to the ears of some China watchers who have maintained a 12-month…
November 15, 2017 at 07:30AM http://ift.tt/2yCMKaC
#3Novices #News #OnlineMedia #China 3Novices China

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