The complexity of the local government debt is very similar to Japan`s real estate bubble from 1985 to 1996 and its destiny is closely related to domestic housing and stock markets, said Xin, who is a researcher at the Chongyang Institute for Financial Studies at the university and an editor in chief at the People`s Daily.
China released the first report on international rules and common practice on combating corruption to the country`s corporate sector Tuesday.
The report, Go Global: International Business Anti-Corruption Rules Research, is the first to be jointly presented by the Bank of China, the International Chamber of Commerce (ICC), the China Chamber of International Commerce and Renmin University of China.
Ross, who is also a professor of Political Science at Boston College, made the remark during a symposium with the theme "Can China Overtake the United States?" held by the Chongyang Institute for Financial Studies at Renmin University.
Premier Li Keqiang responded to questions from Chinese and international press on Thursday March 13, 2014, concluding the annual session of the 12th National People`s Congress. During the press conference, Premier Li revealed a handful of new signals, reiterated reforms in key sectors, and explained his opinions about other issues of interest.
The protection of what is known as "financial consumers," i.e. those who purchase financial products, has started to draw the attention of Chinese lawmakers as well as financial experts in the wake of the latest international financial crisis, which saw ordinary people`s investments vanish overnight.