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Former Chinese finance minister Lou Jiwei attacks regulators for 'failure' to act over risk
Aggregated Source: ChinaLegalBlog.com

Lou tells forum that central bank had not acted to tackle problems and warns mounting debt threatens the economy

Collapse of Baoshang Bank and recent bond defaults cited as examples of poor oversight

Lou tells forum that central bank had not acted to tackle problems and warns mounting debt threatens the economy.…

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