The quota share adjustment is an inevitable requirement to improve the IMF's governance structure and enhance the IMF's duty performance capabilities.
Local government debt risk in China is controllable, and the country will accelerate the construction of a government debt management mechanism in line with high-quality development so that the debt risk will be solved as the country marches toward high-quality development, a senior official said on 6th of March.
A diversified and professional system of financial products and services should be built, and market-oriented financial innovation and development must be constantly promoted under the rule of law.
Chan announced the expected growth figures as he delivered the special administrative region's 2024-25 budget. Last year, the city's economy grew 3.2 percent.
China's ongoing efforts to widen opening-up will make trade in services a pivotal driver in sustaining its economy and fostering fresh competitive advantages in the years ahead, said market observers and business executives.