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China signed cooperation documents with the Alaskan state government and Alaskan gas companies on natural gas projects in November last year, which was widely viewed as an important step for both sides to cooperate on energy resources.

China needs a super regulator for its present transition. And for its future development, it needs perhaps an even larger regulatory system, headed by an effective, forward-looking larger regulator. The new banking and insurance regulatory commission is expected to play this role.

China remains committed to the underlying principle of making progress while keeping performance stable, firmly implementing new development concepts, adapting to and steering the economic "New Normal", and focuses on supply-side structural reforms, while moderately increasing aggregate demand and improving the expectation management. China has further implemented the innovation-driven strategy, boosted market vitality and social creativity by streamlining administration, delegating powers, strengthening regulation and improving services, and facilitated the transition to new growth engines from traditional ones by promoting mass entrepreneurship and innovation. With these efforts, China has achieved a steady and improved growth, which was not easy. In the first half of 2017, China's GDP grew at 6.9%, which was within a reasonable range, major indicators outperformed forecasts, including faster growth in fiscal revenue, enterprise profits and household income, and the RMB exchange rate maintained at a stable level. The economic structure further adjusted and improved, as manifested through greater contribution by consumption to the growth, rapid adjustment of industrial structure, ongoing and orderly reduction of excess and backward capacity. As many as 16,000 new enterprises were registered on an average day, over 13 million new urban jobs were generated annually in the past few years. The threshold for foreign investment has been reduced further, and the investment and market environment has been improved. We believe that with the supply-side structural reforms further deepened and more policy measures implemented, the Chinese economy is on track to achieve a higher quality, more efficient, more equitable, and more sustainable growth, and will continue to contribute to the global economic growth.

China suspended the program in 2015 as the country faced mounting pressure from capital outflows. But the renewed foreign interest indicates that the authorities may lift the suspension in the near future.

China registered surplus in both the current account and the capital account in 2018, and the renminbi exchange rate played a more important role in balancing international payments, said Pan.

来源：资阳报