Caixin
FINANCE

Five Things You Need to Know About China’s New Cabinet-Level Financial Stability Committee

By Liu Xiao and Tongjian Dong
Soldiers walk by the People's Bank of China in Beijing on March 19. Photo: Visual China
Soldiers walk by the People's Bank of China in Beijing on March 19. Photo: Visual China

China faces a tricky balancing act.

The world’s second-largest economy has for years been trying to shift away from easy money in and outside the formal banking system — or “deleveraging,” as the process is technically called —while maintaining sufficient growth.

As China walks a tightrope, another systemic issue emerges: Many of the risks that should be resolved are in a regulatory no-man’s land.

You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright ?2017 Caixin Global Limited. All Rights Reserved.