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China will reinforce regulations to monitor public-private partnership (PPP) projects as part of its efforts to prevent illegal borrowing by local governments, said a senior official with the nation's top economic regulator.
China's Cabinet-level financial regulatory body said on Tuesday it is planning a new set of measures to ease the financing difficulties of small and medium-sized enterprises, through monetary policy adjustments and encouraging banks to increase lending to smaller businesses.
China will further stabilize foreign trade and investment through expanded opening-up, and push ahead with trials of innovative development in trade in services in an effort to take the country's opening-up to a higher level, the State Council decided at an executive meeting on July 29.
China will not copy and replicate the models of other countries in political system reform, the spokesman said.
China will work harder to promote infrastructure investment with a focus on areas that can efficiently boost productivity, address weak links and promote high-quality growth, according to the nation's top economic regulator.
来源：资阳报