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China’s Planning Body Vows to Prioritize Risk Prevention in 2021

China’s top planning body vowed to maintain economic stability and prevent risks in 2021, while enhancing internal demand to create a robust domestic market.

The National Development and Reform Commission will take precautions against financial risks and work to resolve them, the planning body said in a statement Sunday. It pledged to use market-oriented and legal measures to manage corporate debt defaults, the statement showed.