Ef­forts on as­set bub­bles stressed

China Daily (USA) - - BUSINESS -

China’s cen­tral bank on Tues­day stressed ef­forts to curb as­set bub­bles, as it rec­og­nized the in­creas­ingly chal­leng­ing task to seek a bal­ance be­tween sta­bi­liz­ing growth and pre­vent­ing spec­u­la­tive froth. In its lat­est pol­icy re­port, the Peo­ple’s Bank of China high­lighted the mis­sion to con­trol as­set bub­bles to guard against fi­nan­cial risks, while en­sur­ing ad­e­quate liq­uid­ity to cre­ate con­di­tions for ad­vanc­ing struc­tural re­forms.

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