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China is tightening scrutiny of financial institutions' overseas investment using State-owned assets, by further checking shareholders' quality and funding sources, in order to prevent losses of State-owned capital, according to a report reviewed by the nation's top legislature.
China is now one of Ingersoll Rand's "strongest and most promising" markets, and the proportion it contributed to the company's global business has been constantly increasing, said Daniel Deng, vice-president of Corporate Affairs & Communications, Asia-Pacific.
China is in the midst of implementing a host of reforms, which are focused on opening up its economy to foreign competition and strengthening its private sector. They are needed to upgrade its industries and avoid the dreaded middle-income trap.
China highly values the deepening of China-Germany ties and is willing to cooperate closely with Germany to enrich bilateral cooperation and strive to promote global economic governance, safeguard multilateralism and free trade, and build an open global economy, the message read.
China is ready to strengthen communication and coordination with South Africa to jointly safeguard multilateralism, international fairness and justice, as well as the common interests of developing countries including China and South Africa, Xi said.
来源：资阳报