According totheemergedreasons, financialrisks at country and village level are mainlyseparated inthree parts: budgetrisk, debt risk andfinancialsystem risk.
Key measures outlined in the speech include a legal obligation to halve the budget deficit within four years and a promise to clamp down on bankers who take too many financialrisks.
The IMF recommended Beijing consider a new round of stimulus through the budget rather than the financial system, since the large credit stimulus in 2009 and 2010 has increased risks to the banking system.