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Corporate profits remain strong, and annualized economic growth is close to the 2 percent level reported prior to federal tax cuts passed in 2017. Growth has slowed from a 3 percent rate last year, but the chance of a recession appears low, the economic numbers suggest.
Containing financial risks will continue to be a key priority of China's top securities regulator this year as it pledged on Friday to effectively and properly resolve risks in equity collateral business, bond defaults and private equity investment.
Contributing to panel discussion Rethinking Global Financial Risk, Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said China will continue to be a savings surplus country for some time.
Countless Wenzhou tycoons have built up business empires, forming the first generation of private entrepreneurs. The term "Wenzhou bosses" has long been associated with affluence among Chinese people.
Consolidation, rationalization and expansion to be key themes this year
来源：资阳报