Country and Core Competitiveness

xi: The country should keep a fine balance between maintaining growth and forestalling risks and deal with risks in key areas in a targeted and effective manner, he said, adding that China should deepen opening-up of the financial sector, according to Global Times China. Xie Duo, Party secretary and chairman of Silk Road Fund Co., Ltd, briefed on the issue and made suggestions. Xi made the remarks when presiding over a group study session of the CPC Central Committee Political Bureau Friday afternoon. Xi pointed out that finance is a core competitiveness of a country, financial security is an important part of national security and the financial system is a major fundamental system in the process of economic and social development. The country should push for high-quality development of the sector with a focus on improving financial services and forestalling financial risks, he added. While historic achievements have been accomplished in the financial sector since reform and opening-up, the market structure, operation philosophy, innovation capability and the level of service of the sector have yet to meet the requirements for the country's high-quality economic development, Xi said. (news.financializer.com). As reported in the news.