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China has strengthened financial regulations and broadened regulatory oversight to include products not counted on the balance sheets of financial institutions, such as so-called wealth management products, to forestall financial risks.
China has pursued direct currency transactions with 23 countries, including eight countries along the initiative's route, which have effectively reduced exchange rate fluctuation risks and helped facilitate regional trade and investment.
China has thousands of SOEs, but many have stagnated due to lack of competition. The government is improving their performance through a series of reforms, moving toward mixed ownership and market-oriented management.
China is one of just a handful of countries whose every action has worldwide implications. What that means is that China has a key voice in every conversation about how countries should cooperate to face challenges, to ensure the world continues to progress. China has the capacity to be a consistent and stable force for peaceful and sustainable global development according to a shared and consistent understanding of international law.
China is capable of achieving a growth target of around 6.5 percent this year and domestic consumption will be a key growth driver, He Lifeng, minister of the National Development and Reform Commission, said Tuesday.He said the government will roll out more policies to boost investment, including greater support for private investment. He estimated investment will contribute about one-third to overall economic growth this year.Domestic consumption will be a strong growth driver and could contribute around 60 percent to the growth, along with the development of emerging industries and modern service sector, He told reporters at a news conference on the sidelines of the ongoing annual session of the National People's Congress, China's top legislature.The minister also expected China's foreign trade to maintain stable growth this year, as it is expected to contribute 8 to 9 percent to the country's overall economic growth.
来源：资阳报