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China is targeting the massive overcapacity in its iron and steel sector and has vowed to continue with its overcapacity reduction this year. While some commentators and analysts have suggested the initiative could drag on iron demand in the world's second-biggest economy, Balhuizen said he was not concerned.
China is currently the EU's second-biggest trading partner, while the EU is China's biggest trading partner. Bilateral trade in goods rose from billion in 1978 to 6.9 billion in 2017, according to Chinese government statistics.
China has released its road map to build the personal bankruptcy system and the plan is expected to launch in some pilot areas in the second half of this year, iFeng.com reported Wednesday.
China is Norway's largest trading partner in Asia, with two-way trade having reached .62 billion last year, according to the Foreign Ministry.
China has put deleveraging of SOEs high on its agenda, according to a key national financial work conference earlier this month.
来源：资阳报