Q&A of Premier Li in 2014 Two Sessions 2: We will talk about the "China's financial".

1、中国金融和债务问题 China's financial and debt risks


The international community is following very closely China's financial and debt risks, regarding this as one of the highest risks for the global economy.

2、金融产品违约 default of financial products


Is the government willing to see default of financial products?

3、 全面审计政府性债务问题 conducted a comprehensive audit on government debt


Faced with increased downward pressure on the economy last year, we conducted a comprehensive audit on government debt.

4、风险是总体可控的 the risks are on the whole under control


We have released to the public the audit result as it is. And it shows that the risks are on the whole under control.

5、债务率 debt to GDP ratio

在国际公认的警戒线以下 is below the internationally recognized warning line

而且政府的债务率还在国际公认的警戒线以下。Moreover, our debt to GDP ratio is below the internationally recognized warning line.

6、忽视其中存在的风险 overlook potential risks


But the government will not overlook potential risks.

7、加强规范性措施 intensify regulatory steps

8、逐步纳入预算管理 put those debts under budgetary management over time

9、开正门、堵偏门 keep the front gate open and block side doors


We are going to intensify regulatory steps, put those debts under budgetary management over time and enhance the oversight of financing vehicles. In a word, we are going to keep the front gate open and block side doors.

10、影子银行shadow banking

11、加强监管 tighten regulatory measures

12、排出时间表 set a timetable

13、实施巴赛尔协议III规定的监管措施 start to apply the basel III requirements


As for financial risks such as shadow banking, we have tightened regulatory measures, set a timetable and started to apply the basel III requirements.

14、资本充足率 the capital adequacy ratio


Isn't the capital adequacy ratio in China a bit too high?

15、垫脚石stepping stone

16、绊脚石 stumbling block


We don't want to let today's stepping stone become tomorrow's stumbling block.



The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks. Shadow banking has grown in importance to rival traditional depository banking and was a primary factor in the subprime mortgage crisis of 2007-2008 and global recession that followed.


basel III (or the Third basel Accord) is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. It was agreed upon by the members of the basel Committee on Banking Supervision in 2010-11, and was scheduled to be introduced from 2013 until 2015; however, changes from April 1, 2013 extended implementation until March 31, 2018. The third installment of the basel Accords was developed in response to the deficiencies in financial regulation revealed by the late-2000s financial crisis. basel III was supposed to strengthen bank capital requirements by increasing bank liquidity and decreasing bank leverage. (From Wikipedia)

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