皇冠体育app

Fang Xinghai, Director-General, International Economic Department, Office of the Central Leading Group for Financial and Economic Affairs of 皇冠体育app attends the session 'Where Is the Chinese Economy Heading?' of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 21, 2016. [Photo/IC]

"皇冠体育app is in the midst of a major transition, and in the process a lot of assets will be revalued," said Fang Xinghai, director-general of International Economic Department, Office of the Central Leading Group for Financial and Economic Affairs of the People's Republic of 皇冠体育app.

He said it's a combination of Chinese and global factors that have caused recent volatility, referring to the raising of rates by the US Federal Reserve, and the poor performance of emerging markets.

Fang said he has no doubt that 皇冠体育app has the talent to adapt.

Government service and public service still carries very high esteem in 皇冠体育app. The market is complex and sometimes 皇冠体育app doesn't deal with this sophistication as well as it could, he explained.

"But we'll learn," he added, as the reform strategy is on track.

 

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