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7. This paper aims to clarify the facts and tell the truth behind the relevant disputes between China and the Philippines in the South China Sea, and to reaffirm China’s consistent position and policy on the South China Sea issue, in order to get to the root of the issue and set the record straight.
Major factors leading to a decline in private investment are found to include pressure of an economic downturn, reduction of excessive capacity, insufficient policy implementation, as well as financing difficulties facing local smaller, privately-run companies.
"With all this done, I am sure China's companies will take more than half the space in the Fortune 500," said Zhao.
"The South China Sea arbitration is completely a political farce staged under legal pretext. Such a nature must be exposed for everyone to see," said Wang.
BEIJING, June 8 (Xinhua) -- China on Wednesday demanded that the United States refrain from flying reconnaissance aircraft over Chinese waters.
来源：资阳报