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China warns ‘side effects’ of US economic stimulus risk causing sharp market correction

The “side effects” of aggressive economic stimulus policies in the United States and other developed countries have started to surface in the US stock market, China’s top financial regulator warned on Tuesday, saying officials in Beijing were “very worried” that foreign asset bubbles could burst soon.Guo Shuqing, Communist Party secretary of the People’s Bank of China (PBOC), identified the US market – the world’s largest – as the greatest bubble risk in the global economy when asked on Tuesday…

Read the original article at South China Morning Post

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