So says PBOC dep gov Yi Gang in latest publication 29 Jan

  • economy's debt levels still high
  • asset bubble risks have not yet been fully contained
  • China's debt leverage ratio at high level
  • PBOC will maintain prudent and neutral mon pol
  • PBOC will increase flexibility and effectiveness of liquidity management
  • China has conditions to keep renminbi basically stable
  • two-way fluctuation in yuan rates will become the norm
  • will increase yuan's exchange rate flexibility

More cautionary words from China as they continue to try and find a balance between reform and control.

"Always got to watch out for those hidden dangers round here eh? " Too right mate"