ANI
25 Jun 2022, 19:25 GMT+10
Beijing [China], June 25 (ANI): Chinese Premier slammed the weaponization of the global financial system and vowed to meet domestic growth goals, and called for the healthy development of China's fintech sector.
"Those who politicize, leverage and weaponize global economy and willfully impose sanctions by taking advantage of dominance in international financial and monetary systems will eventually harm others and themselves and bring disasters to people around the world," China Daily reported quoting Xi.
Xi was chairing the 26th meeting of the central commission for deepening overall reform on Wednesday.
State media further reported that Xi said China will strengthen macro-policy adjustment and adopt more effective measures to strive to meet the social and economic development targets for 2022 and minimize the impacts of COVID-19.
China has reported disappointing economic data for the month of April, according to CNN.
Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, had also urged efforts to accelerate the construction of basic systems for data and improve work on administrative divisions.
The meeting reviewed and adopted guidelines on the above-mentioned issues, as well as work plans to conduct pilot reforms of scientific and technological personnel evaluation and strengthen supervision over major payment platform enterprises.
He also highlighted the importance of building an evaluation system for scientific and technological personnel that is oriented toward innovation, capability and contribution, Xinhua News Agency reported.
Regarding large payment and fintech platform enterprises, Xi called for efforts to improve regulations, strengthen institutional weak links, ensure the security of payment and financial infrastructure, and guard against and defuse potential systemic financial risks, the local media reported.
He also called for these enterprises to be supported in better serving the real economy and smoothing the "dual circulation" of domestic and international markets.
Li Keqiang, Wang Huning and Han Zheng, who are members of the Standing Committee of the Political Bureau of the CPC Central Committee and deputy heads of the central commission for deepening overall reform, also attended the meeting. (ANI)Get a daily dose of Oakland Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Oakland Times.
More InformationNEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...