Chinese downturn biggest risk to New Zealand, RBNZ’s Wheeler says

Wed, 13 Nov 2013

By Paul McBeth Nov. 13 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says a potential downturn in the Chinese economy is the biggest risk to New Zealand and is the type of external shock the central bank wants to protect homeowners from with its restrictions on low equity house lending. China has significant risks around its banking system and around its ability to continue growing at a faster pace than developed nations, Wheeler told Parliament’s finance and expenditure committee in Wellington today. If China struggles to deal with...

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