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Economist behind China’s five-year plan talks systemic risks in WMP disposal

Zhu Baoliang, chief economist, State Information Centre, China

One of the leading economists responsible for drafting China’s five-year plan has spoken out about the systemic risks at stake if state regulators force Mainland banks to dispose of their RMB 7 trillion worth of outlawed guaranteed wealth management products (WMP) too quickly. Zhu Baoliang, chief economist and director of economic forecasting at China’s State Information Centre, said that behind…

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