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China's top banking regulator is drafting rules on bankruptcy risk handling for commercial banks, aiming to provide sufficient guarantees for rapidly and thoroughly dealing with banks in crisis.
China, especially Shenzhen, has a growing base of educated researchers and engineers, and mature downstream support services, he said.
China's promotion of the Belt and Road Initiative will also help promote poverty reduction. Relevant studies have shown that the improvement of infrastructure in developing countries plays an important role in reducing poverty, increasing employment, and improving people's living standards.
Chinese Ambassador to Ireland Yue Xiaoyong, who also attended the press briefing, said the fact that the Dublin City Council has held the Chinese New Year Festival for the 12 consecutive years has demonstrated the friendship of the Irish people towards China.
China's shadow banking sector strengthened efforts to curb its expansion with government support. [Photo/IC]
来源：资阳报