Chinese economy still faces.............>

CHINA PRESS: Chinese economy still faces relatively large downward pressures and

these may become apparent in the first quarter of 2018, Yu Xuejun, chairman of

the Supervisory Board for Key State-owned Financial Institutions run by the

China Banking Regulatory Commission, said Wednesday during the Caijing Annual

Conference in Beijing. The bad effects triggered by previous economic stimulus

and credit expansion are obvious and could easily cause a series of problems,

including assets bubbles, rising debt ratios and a rapid expansion of financial

institutions' balance sheets, Yu warned, adding these problems could cause new

financial system risks. (Caijing Magazine)