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China plans to ease foreign equity restrictions in automotive industry
China reported its first ever African swine fever outbreak on Aug 1, in the northeastern city of Shenyang, Liaoning province, where 47 pigs died after becoming infected.
China still enjoys dynamic economic growth and has recently strengthened management of local government debt, which is mainly invested in productive assets, said Wang Dehua, researcher at the National Academy of Economic Strategy under the Chinese Academy of Social Sciences.
China stands ready to strengthen its partnership with the WEF and expand cooperation on various platforms, Premier Li noted.
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.
来源：资阳报