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The students in Guangdong were not pioneers in such competitions. In July 2014, a group of youngsters from Shanghai ranked the highest in a global financial literacy assessment test held by the Organization for Economic Cooperation and Development (OECD).

China attaches great importance to and strongly supports the preparations for the Beijing Winter Olympics, Han said.

In October 2016, The International Monetary Fund included the Chinese currency in its Special Drawing Right (SDR) basket, making the yuan one of the five reserve currencies fully endorsed by the 189-member organization. In January the same year, China had become the third largest member in the organization.

"As China is building itself into a financial power, the financial literacy level of consumers is critical to the healthy development of the capital market," said Zhou Baoluo, chairman of Junior Achievement (JA) China, a non-profit organization with 25 years of experience in financial literacy education in China.

BEIJING, March 25 (Xinhua) -- China's financial sector is capable of resolving external impacts, the country's central bank governor said Sunday when responding to questions on possible new risks from rising global uncertainties.