June 14, 2018 / 2:35 AM / 12 days ago

China regulator says debt defaults natural

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.

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

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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