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The Chinese vice premier described Xi's recent visit to Egypt as "successful," saying that it added "new motivation" to the development of China-Egypt relations.
Revenue into funds managed by local governments reached 3.821812 trillion yuan, a decrease of 17.7%. This was mainly due to a significant decline in the revenue from the sale of state-owned land use rights. Adding in the 133.193 billion yuan in transfer payments from central government-managed funds and the 100 billion yuan raised by local governments through the issuance of special bonds, total revenue related to local government-managed funds was 4.055005 trillion yuan. Total expenditures related to local government-managed funds came to 3.933936 trillion yuan, which includes expenditures of 3.28953 trillion yuan related to the proceeds of selling state-owned land use rights.
China plans to raise its deficit-to-GDP ratio to 3 percent this year from 2.3 percent in 2015, said a government work report delivered to China's top legislature on Saturday, offering the government more to spend.
But experts within and outside China agreed that, the government, with a sizable income and relatively low debt, could afford the deficit rise to facilitate structural reform.
Balakrishman said Singapore attached great importance to relations with China. Singapore will expand bilateral cooperation, strengthen coordination and cooperation on regional and international affairs, and promote the development of the Singapore-China relations and ASEAN-China relations.
来源：资阳报