Graphics: Shanghai, one of the world's leading financial hubs
CGTN
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Shanghai ranks only behind New York and London as one of the world's leading financial hubs. More than 120 foreign asset management companies have landed in the city's financial district, with hopes of tapping into the world's second-largest economy.
China has ample policy tools to boost consumption, Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences and senior fellow at China Finance 40 Forum (CF40), told CGTN. He added that one of the most powerful drivers for consumption in the short term is increasing income.