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BEIJING, May 9 (Xinhua) -- Chinese authorities said Thursday the country will press ahead with the efforts to cut excess capacity in key areas, including coal and steel sectors, this year.
Bolder and more effective measures must be taken to implement the proactive fiscal policy, while prudent monetary policy should be kept "neither too tight nor too loose," the statement said.
In the latest WEO report, it projected a 6.1 percent growth rate for China in 2020, slightly down from the previous estimation of 6.2 percent.
The document, jointly issued by the general offices of the Communist Party of China (CPC) Central Committee and the State Council, notes that arbitration is an internationally-received means for convenient and efficient dispute resolution.
Local governments are encouraged to carry out bold explorations in accordance with local conditions to accumulate sufficient practical experience for reforming the property rights system, according to the guideline.
来源：资阳报