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China expects the association to play an active role in "maintaining the stability of regional, and even global financial markets and promoting common development and prosperity in the region", Lu said.
China has decided to make unprecedented cuts to taxes and corporate pension payments and increase investment in such fields as agriculture, infrastructure, technological innovation and social causes, officials said. That will predictably lead to heavy fiscal pressure as a result of reduced fiscal income and increasing expenditures.
China has created 11 free trade zones where foreign firms can avoid red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as well as reducing market entry restrictions for industries such as transport and financial services.
China expects to work closely with Laos to promote the consensus reached, jointly design and implement the next cooperation plans. The ambassador expresses his belief that under the active implementation of Laos and joint efforts of both sides, the Lancang-Mekong cooperation will gain more fruitful achievements in the future.
China has hit back against the US unilateral moves proportionally by rolling out its retaliatory tariff plan.
来源：资阳报