People’s Bank of China (PBOC) Deputy Governor Pan Gonhsheng is on the wires now, via Reuters, speaking about the bond market issues and economic growth.
Pan said China is looking for a more open, more transparent, more efficient bond market as part of financial market opening up, adding that the Chinese bond market has a relatively low default ratio, having some defaults are not a bad thing.
On China’s economy, he said that China seeks sustainable economic growth.
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