Chinese provinces and municipalities "have relatively big
reliance on real estate and infrastructure investment", the
central bank said in a report on regional financial operations.
Debt levels were rising rapidly in some regions, it said.
The authorities will take steps to ward off regional and
systemic financial risks, the central bank added.
(Reporting by China Monitoring Desk and Kevin Yao; Editing by
[© 2016 Thomson Reuters. All rights
Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.