“Committed to reform process”

China is committed to “structural reform”， probably introduced incrementally， Robert Zoellick， World Bank president， was quoted as saying by China Daily.

His comments came after a World Bank report in February， launched in conjunction with the Development Research Center of the State Council， urged China to introduce reforms to sustain economic growth in the coming decades.

“From my last visit a month ago， I came away with the sense that leaders at both central and provincial level are committed to the reform process，” Zoellick said.

“If you ask me how quickly it (the reforms) will happen， my guess is that the Chinese government will probably begin with pilot programs in some of the provinces，” Zoellick told China Daily in a recent interview at the Boao Forum for Asia.

“China’s financial supervision sound， more efforts needed”

China’s financial supervision has made significant progress， but more efforts are needed to meet challenges ahead， the International Monetary Fund (IMF) said on Apr. 5.

“Regulation and supervision of China’s banking system has made impressive progress in the past few years， led by an activist， forward-looking regulator China Banking Regulatory Commission (CBRC)， with a clear safety and soundness mandate，” the IMF said in its detailed assessment report released on Thursday about China’s banking system.