Xi Emphasizes Financial Risk Prevention Amid Economic Challenges
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President Xi Jinping said preventing financial risks must be an "eternal theme" for China, vowing greater supervision amid crises.
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China faces challenges like capital outflows, stock declines, yuan depreciation, property downturns, and hidden local government debt.
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The conference called for strengthened supervision, risk prevention, meeting housing needs, and resolving local debts.
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Experts say the emphasis on regulation shows the severity, but may lower bank efficiency.
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New debt mechanisms show Beijing's effort to address challenges, enhance trust and prevent contagion.