00:00 It's Benzinga and here's what's on the block.
00:03 Regulators in China conducted a video conference involving central and regional authorities
00:07 to tackle financial risks, concentrating on local debt resolution and modifications to
00:12 real estate loan strategies.
00:14 Deteriorating finances of local governments have impeded the central government's use
00:18 of fiscal measures to bolster the economy, compounded by reduced land sales stemming
00:22 from a real estate market decline affecting local revenue streams.
00:27 China has been cautious about implementing stimulus measures, prioritizing the prevention
00:31 of financial risks.
00:32 The recent meeting marks a shift in approach, involving a new set of financial policy makers
00:37 as part of China's regulatory system overhaul.
00:39 For all things money, visit Benzinga.com.
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