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BEIJING, May 18 (Xinhua) -- A budgeting offical from the Ministry of Finance (MOF) said Friday that the debts of China's local governments are controllable after enhanced efforts to bring down default risks.
"As the world's leading financial center, London is uniquely well placed to assist China in its goal of further expanding the international use of the RMB," British Chancellor of the Exchequer George Osborne said last week.

He also urged Israel to quickly and completely lift its blockade against the Gaza Strip so that the people of the Gaza will regain a normal life, dignity and development space.
BEIJING, March 5 (Xinhua) -- Chinese President Hu Jintao and other senior leaders on Monday joined lawmakers in panel discussions on the government work report, which was delivered by Premier Wen Jiabao at the parliament's annual session.
BEIJING, Feb. 3 (Xinhua) -- Chinese leaders on Friday urged banks to improve financial services for the country's real economy, especially agriculture and small firms.China's economic transition and restructuring have set higher requirements for the country's financial sector, Premier Wen Jiabao said in a congratulatory letter read during a ceremony held in Beijing to celebrate the centenary anniversary of the establishment of the Bank of China (BOC), one of the country's major four state-owned lenders.Wen hailed the BOC as a "significant window for China's opening-up and a major channel for raising funds overseas," saying the BOC has greatly supported economic and foreign trade growth.The BOC should further enhance corporate governance and improve management and financial services to make new contributions to China's economic development, Wen said.Vice Premier Li Keqiang attended the ceremony and urged the country's financial institutions to better support agriculture and small businesses.The real economy and the sustainable growth of the financial sector are mutually dependent, Li said in a speech.Financial firms should strengthen their competitive power and ability to resist risks, he said.
来源:资阳报