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China will not in any way significantly reduce its investment into the US bond market, said senior securities regulator Fang Xinghai while attending the ongoing World Economic Forum in Davos, Switzerland, on Tuesday.
China will work to further reduce financing cost of MSEs, with an aim to increase outstanding loans offered by five large State-owned commercial banks — the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications — to MSEs by more than 30 percent this year compared with 2018, according to a State Council executive meeting chaired by Premier Li Keqiang last week.
China will have to work hard to secure long-term supply chains and two-way trade, including with Association of Southeast Asian Nations (ASEAN), Africa and South America, said Sachs, also a senior United Nations advisor.
China's auto sales increased 13.7 percent in 2016, but the market was under pressure last year from government policy adjustments such as sales tax hikes.
China will host the first international import exposition in Shanghai next November, a major measure by China to support trade liberalization and open its market to the rest of the world, the premier said. He hoped other countries can actively participate in the event.
来源：资阳报