China’s banks have loaded up on debt for years to fuel their expansions. However, China’s indebted banks are now starting to threaten China’s economic growth outlook. A heavily-indebted banking sector was one of the reasons why China has appointed a new head of banking regulations, named Guo Shuqing, who has been introducing a broad range of new regulatory directives to improve the banking sector in the year and a half he has been in the position...
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