Measure of change
By Liu Xiangrui | China Daily | Updated: 2017-01-20 07:43
Nobel-winning economist Robert Engle suggests improvement in capital allocation for fast-growing SMEs in China, Liu Xiangrui reports.
American economist Robert Engle gave Chinese officials some ideas on how to make China's financial sector more efficient.
Engle, winner of the 2003 Nobel Prize in economics along with British economist Clive Granger, was invited to Beijing last week by the State Administration of Foreign Experts Affairs to give his suggestions on risk management in China's capital market, because of his expertise in studying volatility.
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