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China has issued special bonds only twice before. The first issue was in 1998, with an amount of 270 billion yuan raised to supplement the four biggest commercial banks' capital base. The second issue was in 2007 of 1.55 trillion yuan for establishing the State-owned foreign exchange investment company.
China has been an exception to the Olson trap. Following intense study, consultation, and regional tests, China's government has been able to implement policy reforms that have enabled the process of economic upgrading. The Fourth Plenum's push for strengthened and formalized rule of law is the next essential step in the long process of economic growth and institution building.

China has been making efforts to reform and develop the global governance system and Xi emphasized a shared future for mankind in his keynote address.
China has fully honored its commitments as a member of the WTO, and other members are supposed to do the same. The EU is a leading maker of modern economic and trade rules and a standard-bearer of regional economic cooperation. As such, it is in the interests of the EU to observe multilateral rules and uphold the multilateral system. Article 15 of China's WTO Accession Protocol is a "sunset clause," which obliges all members to unconditionally cease, upon the date of its expiry, the application of analogue country methodology in their anti-dumping investigations against China. On the issue of complying with Article 15 obligations, we hope the EU will send a positive signal of upholding the multilateral system and rules. If all WTO members chose to observe international rules in a selective way, this would trigger cycles of reactions and undercut the foundation of the multilateral order. No one will emerge as a winner eventually.
China expressed grave concerns over the Republic of Korean Coast Guard's firing warning shots toward Chinese fishing boats, a Foreign Ministry spokeswoman said Wednesday.
来源:资阳报