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China’s financial ‘derisking’ policies create greater risks; the CCP shoots itself in the foot with ‘decoupling’ rhetoric

SinoInsight  1  On Aug. 16, CCP ideological journal Qiushi published a piece by China Banking and Insurance Regulatory Commission chairman and Party secretary Guo Shuqing on preventing and resolving financial risks (堅定不移打好防範化解金融風險攻堅戰). Guo noted that China’s banking sector incurred 2.7 trillion yuan (about $390 billion) of non-performing loans in 2019. As for China’s financial system, …

Read moreChina’s financial ‘derisking’ policies create greater risks; the CCP shoots itself in the foot with ‘decoupling’ rhetoric

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