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China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.
China will conduct equity diversification at the group level in selected centrally administered State-owned enterprises and advance mixed ownership reform for SOEs in sectors that are fully competitive this year, the head of a top regulator said.
China maintains stable economic development with resilient growth and balanced supply and demand, the statement said.
China remained ASEAN's largest trading partner since 2009 while ASEAN became China's largest trading partner for the first time in the first half of this year, the statement said, noting that last year the total merchandise trade between the two sides reached 7.9 billion and foreign direct investment flows from China to ASEAN totaled .1 billion.
China will carry reforms through to the end with firm determination under the strong leadership of the Communist Party of China, according to a statement of a key meeting presided over by President Xi Jinping on Tuesday.
来源：资阳报