BEIJING, March 5 (Xinhua) — China will address both symptoms and root causes to mitigate risks in the real estate sector, local government debt and small and medium-sized financial institutions, thereby ensuring overall economic and financial stability, says the report The work of the government was submitted to the national legislature for consideration today, Tuesday.
According to the report, efforts are being made to ensure both development and security and to effectively prevent and mitigate risks in key areas.
More work will be done to accelerate a new development model for the real estate sector and ensure energy and resource security through intensifying exploration and development of oil, natural gas and strategic mineral resources, the document said.