Enhancing financial literacy (5)

The more financially educated the public is, the more efficient macro-economic policy will be. Clearly, consumer and investor behavior backed with better financial literacy - better understanding of the investments and how they properly respond to monetary and fiscal policies - is vital to the success of the policies. The trust and confidence of the public would be easily earned and consequently policy objectives could be achieved if both the public and relevant authorities have mutual understanding and good interaction with one another.

It is well recognized that effective financial education should begin in schools. US Treasury Department research shows that high school graduates in the US who have received financial education have higher savings rates and a greater net worth than those without financial education.

Nowadays, as more and more young people are tempted to take on excessive debt for consumption, it is urgent to develop their financial literacy at an earlier stage. Of course, it will be beneficial later when they become adults and have to make important decisions about their personal or family finances.

We recommend:
A Decade of Fastest Development	Eastern Boom Lightens Western Gloom	Chinese firms 'potential Trojan horses'? slows
AVIC unveils new aircraft engines	China's MA700 to take flight in 2016	13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai	Caofeidian coal wharf put into use	Galaxy Soho building in Beijing