“China’s financial system stable, but potential risks remain”

China’s financial system is running on a stable course despite the global financial crisis. However， apparent problems and potential risks still linger， as the crisis has not ended， Premier Wen Jiabao said.

Wen made the remarks at the two-day National Financial Work Conference that concluded on Jan. 7. The meeting， held every five years， mapped out development plans for the financial sector in the upcoming five years. Similar meetings were held in 1997， 2002 and 2007.

“China’s economy has maintained stable and relatively fast growth with stabilized consumer prices and improvements in people’s lives. The financial system is running steadily. The good momentum of economic and social development remains unchanged，” Wen said.

“China must brace for global shocks despite good domestic outlook”

The global economy is going to face a string of difficulties and uncertainties in 2012， with the evolving debt crisis in the Eurozone， the uncertain U.S. economic outlook and the slowing growth of emerging countries， Zhou Xiaochuan， governor of the People’s Bank of China， said in an interview with Xinhua.

The government must watch carefully and be ready to pick appropriate policy instruments to combat external shocks at any time， Zhou said.