When it comes to the world`s second-largest economy, capital outflows and real estate are two key areas of concern for former Treasury Secretary Larry Summers.
One such example is state investment to maintain real estate prices and demand, he said: "That`s the kind of thing that probably can`t be continued indefinitely.
"I think they (policymakers) are building strains in terms of debt accumulation, what`s happening in real estate, markets, pressure for capital outflows," he told CNBC at the China Development Forum in Beijing on Sunday.
"Monetary stimulus from the People`s Bank of China over 2016 enabled domestic banks to grant more loans to prospective home buyers as well as property developers.
"And as a result, "growth achieved over the next year or two will be growth borrowed from the future," he continued.
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