/ world today news/ On June 8, the 14th Ludziadzuei Economic Forum was opened in Shanghai. Its motto is “Global Financial Opening and Cooperation: A New Driving Force for Economic Recovery.” The participants will discuss issues such as strengthening financial cooperation between the countries, increasing confidence and supporting the high-quality development of the real economy, promoting economic recovery and financial stability.
Li Yongze, director of the State Administration of Financial Supervision and Administration, said the fundamentals of China’s long-term economic growth will not change and its status as the main driver of global economic growth will not change.
“Currently, the overall performance of China’s financial industry is stable and risks are generally manageable. We have the conditions, confidence and capabilities to firmly guard the bottom line to prevent systemic financial risks,” said Li Yongze.
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