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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 is willing to strengthen communications with the EU to cope with the chaos generated by the US aluminum and steel tariffs, Wang said.
China removed the approval procedure for setting up retirement homes a year ago, only requiring such facilities to register before they are operational. The move aimed to boost investment in elder care to meet the demand from a quickly expanding older population, and to shift authorities' duty from giving approvals to day-to-day monitoring.
China is willing to work with the other SCO member states, including Russia, to take the Qingdao summit as an opportunity to further carry forward the "Shanghai Spirit" and ensure the healthy and stable development of the SCO, Xi noted.
China started market operation of the pension fund in 2016, with the aim of preserving and increasing its value.
来源：资阳报