China should beware of external economic risks: official

[File Photo: sina.com]

A Chinese official said Saturday that the country should pay attention to external economic risks, including rising trade protectionism and uncertainties from developed economies.

Vice Finance Minister Zhu Guangyao made the remarks before attending a panel discussion during the annual session of the Chinese People's Political Consultative Conference National Committee, which opened Friday.

File photo of Zhu Guangyao,vice Finance Minister of China. [Photo:dayoo.com]

Zhu, also a national political advisor, said risks may come from new economic policies of the United States and the Federal Reserve's possible rate adjustments.

China should stick to the main theme of "seeking progress while maintaining stability" in 2017, aiming for more progress in its supply-side structural reform, Zhu said.

He called for more efforts to balance economic tasks this year, including stabilizing growth, advancing reforms, pushing restructuring, improving people's lives and preventing risks.

China should also intensify efforts to promote innovation-driven growth, Zhu said.