China’s Financial Regulator: Economy still recovering, demand will be boosted

Li Yunze, Director of China's National Administration of Financial Regulation, made some upbeat remarks on the Chinese economy this Thursday.

Key quotes

Economy is still recovering.

Demand will be boosted, expanded.

Will optimise private financing, strengthen financial services for private business.

The recent global banking crisis has had little impact on china but does offer a cautionary tale.

China has the conditions and confidence to prevent systemic financial risks.