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China central bank head says housing market faces big destocking pressure

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China's housing market is facing big destocking pressures and it should let local governments play a bigger role in stabilizing the market, central bank governor Zhou Xiaochuan said on Saturday.

[BEIJING] China's housing market is facing big destocking pressures and it should let local governments play a bigger role in stabilizing the market, central bank governor Zhou Xiaochuan said on Saturday.

Commercial banks should make their own judgment on clients'risks when they make property-related loans, Mr Zhou told a news conference on the sidelines of China's annual parliament session in Beijing.

REUTERS

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