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China supports development of direct financing to reduce costs of enterprises, allowing them to get funds by issuing shares or bonds, rather than from commercial banks.

China will continue to hold high the banner of peace, development, cooperation, and mutual benefit and uphold its fundamental foreign policy goal of preserving world peace and promoting common development. China remains firm in its commitment to strengthening friendship and cooperation with other countries on the basis of the Five Principles of Peaceful Coexistence,1 and to forging a new form of international relations featuring mutual respect, fairness, justice, and win-win cooperation.

China should accelerate banks' initial public offerings so that small and medium-sized commercial lenders can raise funds from capital markets and better serve small businesses, experts said.

China started to impose anti-dumping duties on imported alloy-steel seamless pipes for high temperature and pressure from the United States and the European Union in 2014. In June last year, the commerce ministry adjusted anti-dumping duty rates for producers of such products from these regions.

China now has more than 2,200 places with great potential of geo-tourism, according to the ministry.