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China is fully confident in fending off systemic debt risks and expects no apparent changes in government debt ratio in the coming years, Finance Minister Xiao Jie said on Wednesday.The country's debt-to-GDP ratio has decreased to 36.2 percent in 2017, down from 36.7 percent in 2016, far below the so-called alert line of 60 percent internationally, said Xiao at a press conference.He added that the government's outstanding debt has reached 29.95 trillion yuan (.7 trillion) by the end of 2017."China has formed a closed-loop system on managing local government debt including setting reasonably debt quotas, bolstering budget and risk management as well as controlling emergencies," he added."China will deal with illegal debt firmly as issuing bond is the only legal way for local government to raise fund," Xiao said.
China is ready to work with other countries to boost East Asia's security and development by safeguarding the rules-based international order and free trade, and promoting sustainable development and political dialogue, Premier Li Keqiang told the 13th East Asia Summit on Thursday in Singapore.
China is "an immensely important part of ... regional security as well as protecting and advancing the systems that have benefitted all of us," McMaster told reporters.
China is scheduled to phase out foreign investors' equity cap in commercial vehicle joint ventures starting from late July, as part of its commitment to further opening up the world's largest vehicle market.
China is ranked 43 out of 180 for its performance on survival, just behind the United States on 39. Norway was ranked number one.
来源：资阳报