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Chinese Premier Li Keqiang (L) meets with Singaporean President Halimah Yacob in Singapore, on Nov 14, 2018. [Photo/Xinhua]
China's unremitting efforts to improve the business environment, such as tax cuts and fee reductions, will further unleash market vitality, he continued.
China, like Australia, has an aging population and in the future both nations will have to design strategies to manage this issue.
China's treasury cash is held at the PBOC, or the central bank, but commercial banks also look after a part of it in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.
China, currently the second largest foreign holder of US Treasuries, cut its holdings by .8 billion in August, following a slight drop of .2 billion in July.
来源：资阳报