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China is also the largest financing source for the country. A fund provided by China helped build 251 wells and 1,800 kilometers of pipelines in rural areas, providing water for drinking and daily use for one-seventh of the population, according to the article.
China is in the middle of capacity cuts in the coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.
China is also about to remove foreign ownership caps on fund management companies and securities firms from April 1,2020 and Dec 1, 2020, respectively, the CSRC said at a news briefing.
China has shown all possible goodwill and sincerity in trade talks with the US, but a capricious US government is making trouble not only for China and global economies, but for the US as well, he said.
China is ready to work with the US side to properly address each other's core concerns on the basis of equality and mutual respect and strive to reach a "phase one" deal, which serves the interests of both countries and the rest of the world, China's Ministry of Commerce spokesperson Gao Feng said last month.
来源：资阳报