China prepares for an ‘arduous’ year


In a statement published on the People's Bank of China's (PBoC) website, officials set out their concerns over controlling risks to financial stability in the country.

Liu Shiyu, a People's Bank Of China vice governor, said China would pay close attention to risks in local banks, various non-banking institutions and private financing activities in 2012.

The economic and financial environment, both internationally and domestically, was likely to be "more complex," Liu said. With the task of

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