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China's financial sector opening-up has sped up.
China's economy is the second-largest in the world. Its exports account for about 12 percent of the global total. China's capital market－stock and bond markets－now is the world's second-largest.
China's overall leverage ratio is still growing, but at a slower pace. Overall leverage was 257.8 percent of GDP at the end of the first quarter of 2017, slightly up from 257 percent at the end of 2016. The non-financial corporate leverage ratio declined to 165.3 percent at the end of March from 166.3 percent at the end of 2016, according to BIS.
China's defense spending is "reasonable and appropriate" and accounts for a relatively low percentage of the country's GDP and government expenditure compared with other major countries, a defense white paper published on Wednesday said.
China's insurance regulator on Wednesday significantly revamped the rules that regulate the shareholding of the country's insurers, aiming to increase their ownership transparency and resolve acute problems such as fake capital injection and illegal shareholding entrustment.
来源：资阳报