FILE PHOTO: Guo Shuqing, China's newly appointed banking regulator, attends a news conference ahead of China's parliament in Beijing, March 2, 2017. REUTERS/Shu Zhang
SHANGHAI (Reuters) - China’s banking and insurance regulator Guo Shuqing said on Thursday debt defaults are a natural occurrence and China’s default rate was much lower than many other countries.
Guo was speaking at a financial forum in Shanghai.
Reporting by Andrew Galbraith and Samuel Shen; Writing by John Ruwitch; Editing by Shri Navaratnam
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