China to help combat risks in global market

BEIJING - China's efforts to rigorously reform and open up its financial sector will help contain risks in the global system.

Academics and analysts have warned of the dangers ahead against the backdrop of a weak recovery from the financial crisis, and policy uncertainties in the United States and Europe.

Although US Federal Reserve Chairman Janet Yellen has suggested that we might not experience another financial crisis "in our lifetimes", it is still too early to declare victory.