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First, we maintained a necessary level of spending intensity. We increased the government deficit by an appropriate amount in the 2015 budget, and put to use funds carried over from previous years to increase the intensity of spending. We took a host of measures, such as thoroughly reviewing carryover and surplus funds and strengthening inspections and accountability, to put existing government funds to use for the purposes of ensuring the wellbeing of the people, strengthening points of weakness, and making development more sustainable. A total of 3.2 trillion yuan worth of bonds were issued to replace outstanding debt of local governments close to maturity, helping reduce their interest burden and debt repayment pressure and free up financial resources for the development of key programs.

President Xi's four-point principles and five-point proposals on global internet governance have won much popularity, said Liu.

New February social finance, a measurement of funds that non-financial firms and households get from the financial system, was 780.2 billion yuan, 580.7 billion yuan less than a year earlier, and a sharp drop of 2.65 trillion yuan from January.

BEIJING, March 23 (Xinhua) -- China on Tuesday slammed the United States for being behind the South China Sea arbitration initiated by the Philippines following remarks by a senior U.S. diplomat that an upcoming ruling on the case would be a critical moment for the "rules-based" future of the region.

BEIJING, March 11 (Xinhua) -- Xinhua News Agency signed a deal with the Shanghai Cooperation Organization (SCO) on Friday to strengthen cooperation.