China's economy is "Doing well", but faces challenges such as default risks for certain firms due to "Mismanagement", the People's Bank of China governor Yi Gang has said concerns have grown in recent weeks over the possible collapse of property developer china evergrande group which has more than 300 billion dollars in liabilities and has missed three rounds of interest payments on its dollar bonds.

China's economy faces challenges such as default risks for certain firms due to 'mismanagement'

China's central bank chief said Friday the country has plenty of policy tools left to handle the trade war with the United States. There is "tremendous" room to counter the deepening trade war, People's Bank of China governor Yi Gang said in an interview with Bloomberg TV.

China has tools to handle trade war with US: Central bank chief Yi Gang

The United States has threatened to impose tariffs on up to $150 billion of Chinese imports to try to force changes in Beijing's industrial policies, which Washington says are aimed at acquiring American intellectual property

US Treasury chief may visit China as trade tensions simmer

Yi, who taught at Indiana University before returning to China, was the only nominee for the governor post ahead of a vote by the rubber-stamp National People's Congress later Monday

China names reform-minded Yi Gang to lead central bank

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China's economy faces challenges such as default risks for certain firms due to 'mismanagement'

China has tools to handle trade war with US: Central bank chief Yi Gang

US Treasury chief may visit China as trade tensions simmer

China names reform-minded Yi Gang to lead central bank