Head of China's central financial leading group on the wires 8 March
- China prioritizes controlling SOE debts
- overall debts growing relatively fast
- govt has noticed rising hidden local debts
- must contain household debt by controlling property bubbles
Welcome to the world of capitalism.
No further detail about how they plan to achieve it all but mon pol tightening a possibility along with increased regulation ofc.
" Reckon we'll be affected by this property bubble thing?" " Naah, just keep chewing"
