China is “very concerned” about the risks of bubbles emerging in global financial markets and real estate of the country, he said Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) and party secretary of the central bank at a briefing in Beijing. on Tuesday.
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“The bubbles in the US and European markets could burst because their rallies are heading in the opposite direction to their underlying economies and they will have to face corrections sooner or later. “
“Financial markets are trading at high levels in Europe, the United States and other developed countries, which goes against the real economy.”
“The country needs to reduce leverage“.
“Banks have made progress in reducing leverage.”
“The situation with the property can improve, the real estate sector has big bubbles.”
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