Former Central Banker: China Under No Obligation to Rescue Ailing Economies

(Wuxi) – China is neither obligated nor capable of saving the world from another financial crisis, said Wu Xiaoling, former deputy governor of China's central bank and current vice chairperson of the Finance and Economics Committee of the National People's Congress.

Speaking November 28 as a host representative at the prize-giving ceremony of the Sun Yefang Economics Award, the highest Chinese award in the field, Wu indicated that China should focus on rebalancing its own economy as a way to help the global economy recover.