China's Xi says to fend off financial risks in 2017 - Xinhua

Image
Reuters BEIJING
Last Updated : Feb 28 2017 | 4:29 PM IST

BEIJING (Reuters) - Chinese President Xi Jinping said China will fend off financial risks and strengthen macroprudential supervision in 2017, according to remarks carried out by state news agency Xinhua on Tuesday.

China will actively discuss the means of tackling its debt issues to fend off moral hazards in 2017, Xi said at an economic work meeting.

China will also keep its property market stable and establish a long-term mechanism to promote the healthy development of the market.

(Reporting by Yawen Chen and Elias Glenn; Editing by Randy)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 28 2017 | 4:24 PM IST

Next Story