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The most important risk to control is...>

CHINA PRESS
CHINA PRESS: The most important risk to control is preventing asset bubbles as
China further opens up to the rest of the world, said Fang Xinghai, deputy
chairman of China's securities regulator, in an interview with China Business
News. 
  - The China Securities Regulatory Commission (CSRC) needs to strengthen
cross-border financial regulation with other countries: Fang; 
  - Property market growth is still one of the main drivers of China's economic
growth, but the needs of the property market are diversifying: Fang; 
  - China's outbound investment will continue to increase as the country has a
high savings rate, and investing globally could reduce exchange rate and
political risks: Fang. 
***Comments: As Fang indicated in the interview, China could support property
growth in one way or another this year to hit the target for GDP growth.

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