Guarding against risks for a sound financial sector
China Daily | Updated: 2017-07-17 07:31
The two-day National Financial Work Conference, which ended in Beijing on Saturday, made containing financial risks one of the country's top priorities.
The meeting, presided over by President Xi Jinping, was held against the backdrop of growing enterprise debt, an overheating real estate market, and overcapacity in such sectors as low-end manufacturing.
The debt of non-financial enterprises in China reached 170 percent of its GDP in 2016, according to the Organization for Economic Cooperation and Development.
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