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China is aiming to establish a performance management system for budgets at various levels of government in the next three to five years to enable better budget management and policy implementation, according to a guideline published on Tuesday.
China is "very active and serious" about further opening up its financial sector, and this will bring huge business opportunities to foreign banks in the country, said Pei Yigen, executive vice-president of Citibank (China) Co Ltd.
China hopes the initiative will create more economic cooperation, draw the countries closer through culture and boost friendship and mutual trust, Kong said.
China has provided impetus to global economic progress by the application of responsive political and economic leadership toward sustainable development, he said.
China is in the process of reforming its SOEs. These reforms are useful and needed. But, facile statements that ignore industry differences and the terrible track record of capital-intensive near-monopolies of other countries are, at best, misleading.
来源：资阳报