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By early August, among the two trillion yuan of increased fiscal funds, 300 billion yuan had, in large measure, been used for tax and fee cuts; and out of the 1.7 trillion yuan under the special transfer payment framework, apart from the reserved fund of a set proportion raised from the special treasury bonds for COVID-19 control, 97.8 percent of the funds had been distributed to prefecture and county-level governments.

Pompeo and some other U.S. politicians have been hyping up so-called "failed U.S. engagement with China" and "failed U.S. attempt to induce change inside of China", and China has made clear its position, Wang said.

In response to some U.S. politicians' irresponsible remarks on this issue, Wang said the United States is not qualified to make accusations against other countries' maritime affairs as it has not yet ratified the United Nations Convention on the Law of the Sea. "We urge the U.S. side, instead of trying desperately to stir up trouble for other countries, to focus more on its own affairs."

BEIJING, Sept. 7 (Xinhua) -- Though the global financial sector is facing challenges amid the COVID-19 pandemic, China has continued to accelerate the opening up of its financial sector.

The issuance had 10-year, 15-year and 20-year bonds.