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China seeks to reduce overall financing costs for micro and small businesses as part of its efforts to deliver notable progress in addressing their financing difficulties, according to a Chinese Cabinet meeting on Thursday.
China opens up the market and proposes to build the Belt and Road Initiative to share China's development opportunities with the world, he said.
China said the 15th Senior Officials' Meeting on the Implementation of the Declaration on the Conduct of Parties in the South China Sea will be convened on Wednesday in Changsha, Hunan province.
China will continue to proactively attract foreign investment and safeguard the legitimate interests of foreign-invested businesses as part of overall efforts to shore up the economy.
China offers consumers three ways to save for retirement - the national pension system, voluntary occupational pensions, in the form of annuities and covering only a minority of the population, and private savings, said Fang Lianquan, a researcher at the Center for International Social Security Studies of the Chinese Academy of Social Sciences.
