Quotable
China Daily | Updated: 2014-05-17 07:30
"Several financial risks, including local government debt and property market restructuring, lurk in the Chinese market. If all of them launch a strike at the same time, the country would very likely face an overall financial crisis."
Xiao Songzuo, chief economist at Agricultural Bank of China, said at the 2014 China Financial Summit in Beijing on Thursday.
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