Editor's note: As part of our special coverage on the 2023 Two Sessions, CGTN is launching a special series called Foresight 2023 to help you better understand the state of the Chinese economy. We talked to several chief economists and chief China economists of leading financial institutions to get their perceptions on the country's growth, trade, investment, and development prospects.
China's government work report, released on Sunday, has stressed on the need for effective measures to prevent and defuse major economic and financial risks, including those related to the property sector and local government debt. In an interview with CGTN, Xiong Yi, the Chief China Economist of Deutsche Bank, said China is well prepared with multiple measures to balance risk management while maintaining a robust growth.
Read more: FORESIGHT 2023: Financial stability, economic security essential to maintain economic growth