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China attaches great importance to the development of China-Venezuela relations and believes that the Venezuelan government and people are capable of handling their debt issue properly, he said.
China cut 65 million tons of excessive steel-making capacity and 290 million tons of coal mining capacity in 2016. It has vowed to continue the reform process over the next two years.
China has over 4,000 small and medium-sized banks, with total assets of about 77 trillion yuan (.9 trillion). These banks have limitations in management capacity, and their targeted clients are usually micro, small and medium-sized enterprises. Small and medium-sized banks were noticeably affected by the novel coronavirus pandemic this year, said Cao Yu, vice-chairman of the CBIRC, at a news conference on April 22.
China has also become increasingly important in world development. According to a recent survey of 21,000 people around the world by US News and World Report, China ranks third in the world for influence, behind the United States and Russia.
China has become the number one market for US travel and tourism exports and is its largest market in terms of spending. Last year, almost three million Chinese nationals visited the US - a 15.5 percent year-on-year growth - and spent billion on tourism expenses.
来源：资阳报