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China is also planning to raise the budgeted deficit ratio, a proportion of fiscal deficits to the GDP, and issue special sovereign debt, the first time since 2007. Local governments will also issue more special bonds compared with the amount raised last year, to increase spending mainly in infrastructure, the top-level policy meeting said.
China is no longer a poor country. It can no longer compete by using low-wage labor. Fortunately, it has now developed world-class companies that are increasingly developing new products and services that can compete successfully in many foreign markets.
China is the world's largest e-commerce market, accounting for more than 40 percent of the value of worldwide transactions, and in terms of mobile payments, China now has a transaction value 11 times that of the United States, according to a recent report by McKinsey Global Institute.
China is expected to attach greater importance to capital market reforms next year and focus on improving institutional arrangements to boost the quality of listed firms as a key part of its pursuit of high-quality development, officials and analysts said.
China is confident that foreign direct investment will continue to remain stable in the second half of this year, in spite of the severe FDI stress from global aspects, a senior government official said on Friday.
来源：资阳报