PBOC's Xiaochuan on legal & financial system

In the speech 'Improve legal system and financial ecology' given on 2 December (published 28 Jan) Zhou Xiaochuan of the People's Bank of China told the "Forum of 50 Chinese Economists" that from the perspective of the central bank, he wishes them to work together to further explore, intensify research and lend support to the development and reform of China's financial system.

"If the NPLs remain at a high level and continue to accumulate, a financial crsis may be in the making. Based on lessons

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