Wednesday, March 21, 2018
Premier Li Keqiang emphasized on financial risk prevention
ANBOUND
During the press conference of the meetings of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), Premier Li Keqiang emphasized on financial risk prevention. He pointed out that China has the ability to prevent systemic financial risks, and that such risks will not occur in China. As the Chinese economy has good basis, its financial operations are robust. Of course, China's total economic output has reached more than RMB 80 trillion, and there is more than RMB 250 trillion of bank assets; therefore it is impossible be risk-free. What is needed to be done has to be done; otherwise there could be moral risks.