Leadership pledges to control financial risks

The Government Work Report outlined plans to coordinate regulation and crack down on illegal borrowing, as Li Xiang reports.

The nation's top leadership has said the resolution and prevention of financial risks and the promotion of economic deleveraging will be key tasks this year, as many experts had predicted.

The announcement came during the two sessions, the gatherings of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, one of the country's biggest annual events.