China Should Push Reform, Curb Debts and Control Shadow Banking, BIS Research Head Says

China Should Push Reform, Curb Debts and Control Shadow Banking, BIS Research Head Says

Yicai Global

Date: Mon, 06/26/2017 - 17:04 / source:Yicai
China Should Push Reform, Curb Debts and Control Shadow Banking, BIS Research Head Says
China Should Push Reform, Curb Debts and Control Shadow Banking, BIS Research Head Says
(Yicai Global) June 26 -- Now is the time for China to accelerate its reforms, Hyun Song Shin, head of research at the Bank for International Settlements, or the ‘central bank of central banks,’ told Yicai Global in an exclusive interview.

“The cyclical economic upswing is continuing, Hyun said. “At a time when global financial markets remain calm, pressure on China’s capital outflow is falling. It’s the right time for the country to push ahead with reform.

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Keywords: Bis, Financial Reform, monetary policy, financial regulation, Debt-to-GDP Ratio