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