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China's State pension system is "generally stable" and can pay for various social security programs in full and on time, You Jun, vice-minister of human resources and social security, said on Friday.

China will use its experience and ample policy tools to maintain the yuan's exchange rate basically stable at a reasonable and balanced level, Yi said.

China will endeavor to remediate damaged ecological systems in major river basins and restore aquatic animals and plants there during the 14th Five-Year Plan (2021-25), a senior environmental official said.

China's Ministry of Public Security has issued a class-A arrest warrant for two fugitives involved in financial fraud. [Photo/VCG]

China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.