relevant dispu▓tes between China and the Phi lippines in the South China▓ Sea, and to reaffi rm China’s consistent position and po▓l

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InstagramPlease scan the QR Code to follow us on WechatChina to avoid financial m▓arket wild swings: PremierChina to avoid financial market wild swings: PremierChina to avoid financial market wild swings: Premier06-28-201▓6 16:19 BJTTIANJIN, June 28 (Xinhua) -- China will take measures to keep its domestic financia▓l mark

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et stable and avoid wild fluctuations, Ch▓inese Premier Li Keqiang said Tuesday."Like the Chin▓ese economy, China's capital market will unavoidably see▓ some short-term fluctuations in some fields, b▓ut we have to guard against wild swin▓gs like skyrocketing rises or precipitous falls," Li said during a session with business

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executives▓ at a meeting of the World Economic Forum from S▓unday to Tuesday.China's efforts to maintain financial a▓nd capital market stability will also contribute to the sound growth of the global economy,▓ Li said, adding that China will also develop its capital market gradually via financial reforms.▓Li said the UK's d

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ecision to leave the European Unio▓n had spilled over into the global financial market, and the world should work t

ogether to reduce market panic and maintain market stability.The high debt levels of Chinese enterprises is a result of

China's high savings ratio, and▓ the government is encouraging debt restru▓cturing, bankruptcy and mergers to deleverage, Li said.The pr

ofits of China's major industrial firms rose 6.4 percent year on year in the first five months of th

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