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Containing risks in financial markets a priority

CCTV.com

12-18-2016 12:27 BJT

Full coverage: 2016 Central Economic Work Conference

Containing risks in financial markets was also on the agenda of the Central Economic Work Conference. Policymakers say China will do all it can to prevent real estate bubbles. This comes at a time when tightening monetary policy in the US puts more pressure on the Chinese currency to depreciate.

"Exchange rate fluctuations will affect property prices and also cause capital outflows. So some incubating problems will show up. That's why preventing financial risks should be a priority. Deleveraging is one of the most important measures for tackling risks. We're now trying to slow down growing leverage and keep it steady. It's impossible to drag down leverage too quickly," said Wang Yiming, deputy director of State Council Development Research Center.

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