China to defuse risks in real estate, local govt debt, small and medium-sized financial institutions
Xinhua |
Updated: 2024-03-05 10:29
Share
Share - WeChat
BEIJING -- China will address both the symptoms and root causes to defuse risks in real estate, local government debt, and small and medium-sized financial institutions to safeguard overall economic and financial stability, according to a government work report submitted Tuesday to the national legislature for deliberation.
Efforts will be made to ensure both development and security, and effectively prevent and defuse risks in key areas, the report said.
More work will be done to move faster to foster a new development model for real estate, and ensure energy and resource security by stepping up the exploration and development of oil, natural gas, and strategic mineral resources, the report said.
- Chinese researchers develop movable electrode for more advanced brain-computer interfaces
- China launches construction of high-precision telescope project on 'roof of the world'
- South China city reports over 1,700 Chikungunya cases
- Xinjiang starts building new expressway linking north and south
- Intl tourists captivated by traditional opera gala in Kunshan
- Training and transport jets showed at Changchun air show
