Zhou Xiaochuan, governor of the People’s Bank of China made the remarks at a G20 meeting in Washington earlier this week. Photo: BloombergBeijing: China’s central bank governor stepped up the rhetoric against rapid rises in home prices and continued credit growth, signalling further action on top of recent fresh curbs across a number of cities to cool their overheated real estate markets. The remarks were made at a G20 meeting in Washington earlier this week and released by the PBoC on its website on Saturday. Zhou’s latest remarks signalled that Beijing will continue to target speculators and curb credit risks in the property sector to prevent bubbles. Zhou told the G20 meeting China will control credit growth as the global economy recovers.

Source: Mint October 08, 2016 07:30 UTC