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BEIJING, Feb. 20 (Xinhua) -- China's banking1 industry regulator said Monday that preventing systematic2 financial risks has become a top priority as the global financial crisis enters a more complicated phase.
The country will work to defuse local government debt risks and contain loan risks in the real estate sector3, Shang Fulin, head of the China Banking Regulatory Commission, said in a statement posted on the commission's website.
Shang also urged banks and financial institutions to enhance their support for China's real economy.
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1 banking | |
n.银行业,银行学,金融业 | |
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2 systematic | |
adj.有系统的,有计划的,有方法的 | |
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3 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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4 auditing | |
n.审计,查账,决算 | |
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