China's Financial Risks Drop
This is a China news story, published by CNBC, that relates primarily to Pan Gongsheng news.
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debt risksCNBC
•China's central bank says risks from local government debt have dropped
89% Informative
Pan Gongsheng : China 's financial risks have dropped, including from local government debt.
He said the central bank will work with the Ministry of Finance to enable China to reach full-year growth targets.
Beijing has increasingly prioritized addressing risks from high debt levels in the real estate sector.
International institutions have long called on China to reduce its ballooning debt levels.
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