Zhou Xiaochuan: alert to the prevention and control of shadow banking and real estate market bubble and other risks

Original title: President Zhou Xiaochuan to attend the twenty G20 finance ministers and central bank governors meeting in October 12 to 13, President Zhou Xiaochuan attended a meeting in Washington of the group of twenty (G20) finance ministers and central bank governors meeting. The meeting was the last meeting of finance ministers and central bank governors during the German presidency of G20. The conference discussed the current global economic situation and growth framework, the international financial architecture, the development and supervision of the financial sector, strengthening cooperation with Africa, international tax cooperation and other issues. On the current economic situation in China, President Zhou Xiaochuan said that a number of indicators show that China's economic growth has steadily improved in the near future. In the first half of GDP growth rate of 6.9%, the second half is expected to continue to maintain. With the rapid growth of imports and exports, the current account surplus will continue to narrow, the fiscal revenue will steadily increase, and the price level will remain stable. In addition, deleveraging has achieved initial results, the structure and quality of economic growth continue to improve, and China's economic transformation has made positive progress. Chinese will continue to implement a proactive fiscal policy and prudent monetary policy, and comprehensive measures to make up the short board, deleveraging, vigilance and prevention and control of shadow banking, real estate market bubble risk. With regard to strengthening cooperation with Africa, President Zhou Xiaochuan said that China supports and encourages private sector participation in non investment. In recent years, Chinese enterprises and financial institutions have stepped up investment in africa. In practice, Africa needs a great deal of transnational infrastructure, especially in the field of energy and electricity. The African Development Bank, the African Development Bank and the southeast trade and Development Bank and other non African regional and subregional multilateral development agencies to coordinate and promote the great potential in the African multinational project unique advantages, can play a greater role. On the international financial architecture, the parties stressed at the International Monetary Fund has agreed to complete the fifteenth general review of quotas within the time frame, the continuation of the volatile capital flows related work carried out by the group of celebrities and welcome G20 to improve the global financial governance work. On the financial sector development and reform, the parties reaffirm timely, comprehensive and consistent implementation of the financial sector reform agenda of the group of twenty nations have agreed to continue to promote the completion of the Basel protocol, III framework, welcome the Financial Stability Board assessment of G20 financial regulatory reform effect, support network security, and continue to improve the data gap. In addition, under the chairman of the G20 in Argentina, describes the focus of next year's financial channel. (end) editor: early Xiaohui