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"The debt-to-equity swap deserves much credit for reversing the fast rise of debt and bringing about a decline in the overall leverage ratio. It has been a market-driven, rules-based process, which has worked well so far," Li said.
Also, more observers worldwide agree that China is taking an active part in improving the current system of global governance, and "Xiplomacy" continues to deliver results and gain a broader international consensus.
Xi's Davos speech is an important turning point for China's relations with the world, said Klaus Schwab, WEF founder and chief executive.
Hainan, known for its tropical climate and clean air, is a popular destination for Chinese tourists in winter holidays. According to the city's traffic authority, 90,000 vehicles and over 400,000 tourists were estimated to leave the island during this year's Spring Festival holiday. X Hainan and Guangdong have arranged 53 roll-on roll-off ships with a total of 2,500 parking spots onboard and nearly 48,000 passenger seats to cope with the traffic.
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来源：资阳报