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China's central bank chief warns of 'Minsky moment'

His concerns echo those in the past by global bodies about relative levels of corporate and household debt in the economy

Mr Zhou was referring to a sudden collapse in asset prices after long periods of growth, sparked by debt or currency pressures.


CHINA'S central bank chief on Thursday issued a stark warning about asset bubbles in the world's second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending...

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