China’s bank regulator warns of debt risks

BEIJING, June 15 (BestGrowthStock) – The global economic recovery is
likely to be “slow and tortuous” and China faces risks from a
multitude of factors including trade protectionism and bad real
estate loans, China’s Banking Regulatory Commission (CBRC) said
on Tuesday.

Cataloguing the risks faced by Chinese banks in its annual
report, the CBRC said identified quite large risks from “unwise
lending” to local government investment units, as well as the
sovereign debt crisis and U.S. dollar exchange rates.

Investing Advice
(Reporting by Chris Buckley and Tom Miles; Editing by Ken
Wills)

China’s bank regulator warns of debt risks