防微杜渐 | fáng wēi dù jiàn

In a speech on February 23, 2019 during a group study session of the CPC Central Committee Politiburo, Xi Jinping stressed that China should seek stable development of its economy while also fending off risks to its financial system. These risks that stand in the way of regulatory accountability, such as weak supervision, inaccurate reporting, and poor decision-making, should be nipped in the bud.