{"id":40733,"date":"2009-06-13T21:23:26","date_gmt":"2009-06-14T04:23:26","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=40733"},"modified":"2009-06-13T21:23:26","modified_gmt":"2009-06-14T04:23:26","slug":"china-urges-action-on-toxic-debt","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/06\/china-urges-action-on-toxic-debt\/","title":{"rendered":"China Urges Action on Toxic Debt"},"content":{"rendered":"<p>From <a href=\"http:\/\/online.wsj.com\/article\/SB124479353632709529.html?mod=googlenews_wsj\">Wall Street Journal<\/a>:<\/p>\n<blockquote><p>Chinese financial officials called on the U.S. and other developed nations to do more to rein in protectionism and deal with toxic assets in their banking systems, reflecting the nation&#8217;s increasingly assertive stance in global economic affairs.<\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Liu_Mingkang\">Liu Mingkang<\/a>, chairman of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/China_Banking_Regulatory_Commission\">China Banking Regulatory Commission<\/a>, said Friday that measures taken so far to support its financial sector have helped ease panic in the markets, but they are &#8220;not enough.&#8221;<\/p>\n<p>He expressed caution about signs of improving economic activity in China, and said the foundation of a real global recovery would be laid only when the U.S. takes more-aggressive measures to deal with its banking system.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Wall Street Journal: Chinese financial officials called on the U.S. and other developed nations to do more to rein in protectionism and deal with toxic assets in their banking systems, reflecting the nation&#8217;s increasingly assertive stance in global economic affairs. Liu Mingkang, chairman of the China Banking Regulatory Commission, said Friday that measures taken [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3377,487],"class_list":["post-40733","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bank-lending","tag-banking","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Urges Action on Toxic Debt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/06\/china-urges-action-on-toxic-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Urges Action on Toxic Debt\" \/>\n<meta property=\"og:description\" content=\"From Wall Street Journal: Chinese financial officials called on the U.S. and other developed nations to do more to rein in protectionism and deal with toxic assets in their banking systems, reflecting the nation&#8217;s increasingly assertive stance in global economic affairs. 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