# Professor Robert Engle's comments at the 2018 Lujiazui Financial City Global Financial Risk Management Meeting in Shanghai are highlighted

1 Faculty News November 19, 2018 ![Yicai Global logo](/sites/default/files/styles/246w/public/assets/images/Yicai-Global-logo.jpg?itok=rHhbuzRL)>

Excerpt from [Yicai Global](https://yicaiglobal.com/news/shanghai-hosts-global-financial-risk-management-meeting) -- "Debt management will be more difficult once confidence within the financial system disappears, Robert Engle, a Nobel Laureate in economics, told Yicai Global, adding that slowly reducing the debt ratio of state-owned enterprises and local governments, as well as safeguarding foreign investment can help to solve this challenge. An end to the China-US trade spat will also benefit both sides, he added."

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