After China's accession to the WTO, the main problem China now faces in its financialdevelopment is how to enhance international competitiveness while safeguarding financialsecurity. Since reform and opening up, t...After China's accession to the WTO, the main problem China now faces in its financialdevelopment is how to enhance international competitiveness while safeguarding financialsecurity. Since reform and opening up, the development of Chinas financial industry hasfeatured extensive quantitative expansion, but without sufficient consideration given toincreased risk. This has led to serious defects in the financial structure, which has hamperedthe financial industry from further development and from improving its internationalcompetitiveness. All these have had unfavorable impacts on financial stability and security.Therefore, in developing Chinas financial industry, the stubborn pursuit of growth inquantity is inadvisable. What is needed is to change this way of thinking and to promotereform and development of the financial industry with emphasis on structure improvement,and to seek a way of development that can raise international competitiveness, while at thesame time ensuring financial security.展开更多
文摘After China's accession to the WTO, the main problem China now faces in its financialdevelopment is how to enhance international competitiveness while safeguarding financialsecurity. Since reform and opening up, the development of Chinas financial industry hasfeatured extensive quantitative expansion, but without sufficient consideration given toincreased risk. This has led to serious defects in the financial structure, which has hamperedthe financial industry from further development and from improving its internationalcompetitiveness. All these have had unfavorable impacts on financial stability and security.Therefore, in developing Chinas financial industry, the stubborn pursuit of growth inquantity is inadvisable. What is needed is to change this way of thinking and to promotereform and development of the financial industry with emphasis on structure improvement,and to seek a way of development that can raise international competitiveness, while at thesame time ensuring financial security.
