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China's four biggest banks－Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China and China Construction Bank, were identified as global systemically important banks by the Financial Stability Board in November.
China's deleveraging in the financial sector might weigh upon economic growth, but it is necessary as the campaign improves transparency and reduces debt risks, he said.
China's huge foreign exchange reserves are also denominated in the US dollar. If China does not use the US dollar but chooses the euro or other currencies to settle its trade deals, it will shock the US dollar system. So the US will not take the risk of decoupling from China, because that will weaken the US dollar system.
China's economy is projected to recover further during the third quarter and clock a higher GDP growth rate on the back of the prudent, flexible monetary policy and targeted measures to sustain the recovery, central bank officials said on Wednesday.
China's new energy passenger car market continued the surging trend in the first quarter. Industrial data showed a total of 51,691 electric cars, plug-in hybrids and fuel cell cars were sold in the first three months of 2017.
来源：资阳报