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Noticing potential risks, China took legislative measures to put the brake on ballooning local government debt.
The country will promote structural reforms, especially supply-side structural reforms, and use fiscal and monetary policies, as well as policies on industry, investment and prices, to create stable conditions for economic growth, Li said at the fifth plenary meeting of the State Council.
"As President Xi has pointed out, development is the ultimate answer to many of the region's current difficulties," said Xue.
Accompanied by Saudi King Salman bin Abdulaziz Al Saud, the Chinese president attended the ceremony at the King Abdullah Petroleum Studies and Research Center in Riyadh to remotely inaugurate the operation of the Yasref oil refinery, a joint venture between Saudi Aramco and China's Sinopec.
"The priority, path, order and methods of reforms should be worked out to make sure the reforms precisely satisfy the demand of local development as well as people's expectation," Xi added.
来源：资阳报