Boao Latest: China to Fend Off Risk Spillover; Climate Hurdle
Investors are watching this year’s forum to see what signals Chinese officials send about their economy, investment environment and commitment to opening.
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China will fend off the spillover impact of international financial risks and strike a balance between risk prevention and opening up capital account, deputy head of the country’s foreign exchange regulator Xu Zhibin said at the annual Boao Forum.
Economic competition between nations has become the new hurdle in the fight against climate change, according to China’s new climate chief Liu Zhenmin. Governments in the US, Europe and India have used tariffs, industrial policies and trade probes to support domestic manufacturing and avoid relying on China in areas where it’s dominant, raising the cost of clean energy overseas and slow down adoption, he said.