LINE

Text:AAAPrint
Economy

China's financial systematic risks trending downwards: J.P. Morgan

1
2019-05-28 09:47:31CGTN Editor : Gu Liping ECNS App Download

“Since last months of 2018, China's financial systematic risks have been overall trending downwards,” Zhu Haibin, Chief China Economist at J.P. Morgan told CGTN Saturday.

The report published by Tsinghua University Saturday also pointed out that China's macro-level systemic risk indicator has dropped significantly recently relative to 2018 due to major policy shifts since late 2018.

“Recent macro-economic data shows that macro-economic policy adjustments have started to make positive effects since March,” Zhu said.

China's central bank has started actively encouraging banks to extend more credit by taking a softer stance on such as re-lending and rediscount quotas for small companies as well as sectors concerning rural areas since last October.

Zhu also expressed his concerns about the escalation of trade tension between China and the U.S., considering it will increase downside risks for both countries.

“In the long run we need to pay attention to the further evolvement of China-U.S. dialogue which could have a big impact, but in the near term I don't think it represents the deterioration of systematic financial risk,” he added.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2019 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.