News Snapshot:
Guo Shuqing, Party chief of the People’s Bank of China and chairman of the China Banking and Insurance Regulatory Commission, clarified a number of misunderstandings the international community has on China’s economy Monday at a forum. At the 14th Asian Financial Forum, Guo said that for a long time, China’s economic and social development have made a positive global impact and over the past decade, China contributed 30 percent on average to global growth. Yet internationally, there have been some negative remarks on China’s economy, he said, pointing out that obviously misunderstandings exist. He said the private sector now accounts...
