Chinese Leader Xi Urges Financial Risk Prevention Amid Economic Downturn

Chinese Leader Xi Urges Financial Risk Prevention Amid Economic Downturn
Chinese leader Xi Jinping speaks in Beijing on Jan. 2, 2019. MARK SCHIEFELBEIN/AFP/Getty Images
Reuters
Updated:
BEIJING—China should seek stable development of its economy while not forgetting to fend off risks to its financial system, Chinese leader Xi Jinping said at a recent study session held for senior Communist Party officials.

Preventing and resolving financial risks, especially systemic financial risks, is a fundamental task, Xi told officials on Feb. 22.