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China will continue to expand global communication and cooperation in the industrial internet sector, which is fast becoming the go-to sector for innovation in the country, senior officials said on Tuesday.
China should further increase the local governments' debt ceiling and develop more financial instruments as a tightening credit environment makes it tough for local governments to obtain funding for infrastructural construction, said a report by a Beijing-based think tank.
China saw the registration number of customs declaration entities (exporters and importers) jump 53 percent year-on-year to 26,709 in March, accounting for 67.72 percent of the country's total during the first quarter of this year, the General Administration of Customs said on Sunday.
China responded immediately to the latest tariff on Chinese imports imposed by the US government under the excuse of an investigation under Section 301 of the Trade Act of 1974 on Friday, arousing wide concerns that a trade war will not only harm the pair's huge bilateral trade but also US companies' confidence in China.
China put forward the idea of "cutting overcapacity, destocking, deleveraging, reducing corporate costs and shoring up weak spots in the economy" in late 2015 to push forward its supply-side structural reform. In the latest development, President Xi Jinping said at the National Financial Work Conference, which ended on Saturday, that the country will further carry out "economic deleveraging" to contain financial risks.
来源：资阳报