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China issued local government bonds worth 219.5 billion yuan (.41 billion) in the first quarter of this year and made bonds issuance the sole legal way local governments to raise debt amid the nation's efforts to forestall systemic financial crisis, the finance minister said.
China will continue to promote targeted internet service charge cuts, speed up the building of new infrastructure such as 5G, as well as push for cloud computing, big data, artificial intelligence and other technologies to innovate and integrate into applications, said Miao Wei, minister of industry and information technology. Besides, the country will accelerate the digital transformation of the real economy, and foster new growth poles and new growth drivers to enhance people's sense of gain, Miao added.
China was ranked 78th out of 190 economies in ease of doing business, according to a 2017 report by the World Bank, up from 96th rank in 2013.
China said Thursday that the US trade approach had set a bad precedent that could trigger a domino effect on protectionism, and the United States must resort to dialogue and consultation to settle disputes.
China supports European integration and hopes the EU can stride toward prosperity with internal solidarity, which is beneficial to multilateralism and China's interests, Li said. China is looking forward to advancing a bilateral investment treaty with the EU, while working with the bloc to safeguard rule-based multilateral trading systems and promoting trade liberalization and investment facilitation, he said.
来源：资阳报