China to strengthen risk prevention, mitigation in key areas

(ECNS) -- China will strengthen risk prevention and mitigation in key areas this year, according to a government work report submitted Thursday to the country's top legislature for deliberation.

The country will work to stabilize the real estate market, take active and well-ordered measures to defuse local government debt risks, as well as take active and prudent steps to defuse financial risks, said the report.

(By Zhang Dongfang)