China is sounding the alarm about a global market bubble

One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets.

Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world.

“We are really afraid the bubble for foreign financial assets will burst someday,” said Guo, who is also chairman of China’s Banking and Insurance Regulatory Commission



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