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

Zhu Baoliang, chief economist, State Information Centre, China
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