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China will also pilot a reform to streamline procedures for manufacturing license applications in some areas and industries. Companies can present a qualification report conducted by an eligible agency instead of going through pre-licensing production inspection.
China will avoid using major monetary stimulus to counter downside pressure as some other economies have, Yi Gang, governor of the People's Bank of China, said on Tuesday.
China remained ASEAN's largest trading partner since 2009 while ASEAN became China's largest trading partner for the first time in the first half of this year, the statement said, noting that last year the total merchandise trade between the two sides reached 7.9 billion and foreign direct investment flows from China to ASEAN totaled .1 billion.
China saw a lowering of external debt between late 2014 and the first quarter of 2016, as Chinese firms repaid more debt to reduce risks, the official said.
China is willing to work with Vietnam to implement the consensus reached by leaders of the two parties and countries, and to expand cooperation between China and Vietnam under the framework of the initiative and the "Two Corridors and One Economic Circle" plan, he said.
来源：资阳报