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An arbitral tribunal's decision to allow a case unilaterally initiated by the Philippines is also highly questionable, according to a group of leading experts on international law who concluded a seminar here.

The fundamentals of the Chinese economy have remained unchanged, and our macro policies will maintain continuity and stability. In the meantime, we will continue to innovate means of macro control, implement the proactive fiscal policy with greater intensity and efficiency, and carry out the prudent monetary policy in a flexible and appropriate fashion. We will channel more resources into areas that help strengthen weak links, increase the momentum of development and take development to a higher level, as well as into areas of the new economy that serve to promote economic transformation and upgrading. The current debt ratio for the Chinese government is around 40 percent, and is only around 16 percent for the central government, lower than many other major economies. This has given us space for a proactive fiscal policy. A high savings rate in China means huge potential for the development of multi-tiered capital markets. It also means major leeway for improving financial regulation methods and financial resource allocation. We are in a position to create conditions to gradually lower corporate leverage ratio and financing costs in a market-based and law-based manner. We not only have sufficient policy tools to keep economic performance within the reasonable range. We also have strong ability to prevent systemic or regional risks. In the stage of transition, short-term fluctuations of economic growth are hardly avoidable, but the Chinese economy will not head for a "hard landing". And we will be able to achieve the main economic and social development targets set for this year.

On the consultations of the Code of Conduct in the South China Sea (COC), the 11 parties promised to implement relevant early harvest measures as soon as possible and speed up the formulation of a guideline for the Hotline Platform among senior officials of ministries of foreign affairs between China and ASEAN nations in response to maritime emergencies.

Addressing the contest, Zhang Zhixin, Charge d'Affairs A.I. of the Chinese embassy to Afghanistan, said the Chinese Bridge Contest aims at boosting the Chinese language and culture among Afghan learners and, in extent, further promoting the cooperation and people-to-people exchanges between the two neighboring nations.

Bessho's remarks also marked the second of such practices by a prominent Japanese politician within a week, after Japanese Vice Foreign Minister Shinsuke Sugiyama said earlier that he was "closely watching" how a UN tribunal rules in the arbitration case.