PBOC’s Ma: Measures needed to tackle housing bubble - Reuters

In an interview with the China Business News published via Reuters, the Chinese central bank’s, PBOC, Chief economist Ma Jun noted that China should take steps to curb the flow of capital into the property market and state-owned companies to help slow the rise of debt levels in the economy.

Key Quotes:

“We should take a lot of measures to curb excessive bubbles in the real estate sector, curb the flow of excessive financial resources into the real estate sector”

China needs to prevent state-owned enterprises from channeling “cheap money” into inefficient investment