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.
- China's five-year development targets focus on addressing people's concerns: official
- Hunan doctor witnesses progress in the healthcare sector
- Xi stresses enhancing political loyalty in military to advance defense modernization
- Technology driving transformation and upgrading of China's manufacturing sector
- CPPCC member illustrates how personal connections can bring nations together
- Inner Mongolia to remain focused on people's livelihoods in 15th Five-Year Plan
