Global EditionASIA 中文双语Français
Home / China / Latest

China to effectively prevent, defuse major economic, financial risks: report

Xinhua | Updated: 2023-03-05 09:56
Share - WeChat
File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. [Photo/Xinhua]

BEIJING -- China should effectively prevent and defuse major economic and financial risks in 2023, according to a government work report submitted Sunday to the national legislature for deliberation.

The country needs to deepen reform of the financial system and improve financial regulation, said the report.

"We should ensure effective risk prevention and mitigation in high-quality, leading real estate enterprises, help them improve debt-to-asset ratios, and prevent unregulated expansion in the real estate market to promote stable development of the real estate sector," it said.

The country should also make efforts to prevent and defuse local government debt risks, according to the report.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349