Editorial: Strengthening Real Economy Key to Risk Prevention

The government’s annual Central Economic Work Conference began Monday in Beijing. The public, especially the business and financial circles, are paying close attention to the meeting, which normally sets the agenda for China’s economy in the coming year. Preventing major financial risks is likely to become one of the major goals of 2018.

It is necessary to carry on with the financial deleveraging. However, deleveraging is only a surgical intervention. As the root of financial risks lies in the real economy, the most effective way to prevent them is deepening reform of state-owned enterprises and boosting the vitality of the private economy.

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