Saturday, March 6, 2010

China's Zhou Sees Bank Risks in Local-Government Financing - BusinessWeek


AFP

China's Zhou Sees Bank Risks in Local-Government Financing
BusinessWeek
March 6 (Bloomberg) -- Chinese central bank Governor Zhou Xiaochuan said that local-government financing vehicles using land as collateral may pose risks for the nation's banks. “When land prices rise, there may be over-valuation of land,” Zhou said at ...
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