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China's total debt level declined in 2018, but its debt-to-GDP ratio－which stood at slightly above 250 percent as of the third quarter of 2018－is still "on the high side" among major economies, Schuknecht said.
China’s Yangtze River Delta Region, which comprises Shanghai and East China’s Zhejiang, Jiangsu and Anhui provinces, pledged to deepen cooperation on big data applications by launching a big data alliance on Tuesday.
Chinese State Councilor and Foreign Minister Wang Yi (top left) participates in the BRICS Foreign Ministers' Extraordinary Conference on COVID-19 via video link in Beijing on April 28, 2020. [PANG XINGLEI/XINHUA]
China’s Ministry of Finance and State Taxation Administration jointly announced that excluding cash, physical objects, such as medicine, medical supplies and protective supplies to prevent pneumonia from new coronavirus infections, are not included in wages and salaries and are exempt from individual income tax.
China's rail freight transport volume, an indicator of broad economic activity, reached 2 billion tons in the first seven months of this year, rising 4.3 percent year-on-year, a sign that it is recovering from the shock of the COVID-19 epidemic.
来源：资阳报