Top official warns of uncertainty in 2017

Updated 2017-02-27 09:29:24 Global Times

The economic situation this year will be complex and uncertain, with global capital flows affected by relaxed U.S. supervision of the finance sector, domestic news portal yicai.com reported on Sunday, citing China's Deputy Finance Minister Zhu Guangyao.

U.S. President Donald Trump has announced 13 executive orders and 12 presidential memorandums since taking office in January, most of which involve economic policies he pledged to implement during the election campaign. These moves "send signals of his administration's governing framework," Zhu was quoted as saying in the Yicai report.

Zhu said that Trump will relax regulations in the finance sector, which in turn will have a major influence on global capital flows, yicai.com noted. The Chinese government is paying close attention to this issue, Zhu said.

Zhu also suggested that China and the U.S. build a win-win economic and trade relationship, and such ties will serve as "ballast" and "propeller" in developing the overall bilateral relationship, the report said.

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