China to effectively prevent, defuse major economic, financial risks: report
Xinhua |
Updated: 2023-03-05 09:56
Share
Share - WeChat
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.
- Arab League delegation visits China-Arab Research Center on Reform and Development for 10th anniversary
- Shanghai Jiao Tong University launches Center for Studies of Global South Sustainable Development
- Ex-CNNC general manager faces disciplinary probe
- China launches long march 12 rocket, deploys satellites for expanding space network
- Global gathering transforms Yixing village into youth hub
- China's prosecutors intensify crackdown on crime, charge 1.27 million in first 11 months of 2025
