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WARSAW, June 20 (Xinhua) -- Visiting Chinese President Xi Jinping on Monday called on China and Poland to build their partnership into a paradigm of cooperation within the framework of the Belt and Road Initiative.
BEIJING, June 11 (Xinhua) -- A nationwide education drive will foster socialist core values in the run up to the 95th anniversary of the founding of the Communist Party of China (CPC), according to a joint notice issued by seven organizations.
Local governments should transform their functions, streamline administration and delegate power to lower levels to create a sound business environment, Zhang said.
The fundamentals of the Chinese economy have remained unchanged, and our macro policies will maintain continuity and stability. In the meantime, we will continue to innovate means of macro control, implement the proactive fiscal policy with greater intensity and efficiency, and carry out the prudent monetary policy in a flexible and appropriate fashion. We will channel more resources into areas that help strengthen weak links, increase the momentum of development and take development to a higher level, as well as into areas of the new economy that serve to promote economic transformation and upgrading. The current debt ratio for the Chinese government is around 40 percent, and is only around 16 percent for the central government, lower than many other major economies. This has given us space for a proactive fiscal policy. A high savings rate in China means huge potential for the development of multi-tiered capital markets. It also means major leeway for improving financial regulation methods and financial resource allocation. We are in a position to create conditions to gradually lower corporate leverage ratio and financing costs in a market-based and law-based manner. We not only have sufficient policy tools to keep economic performance within the reasonable range. We also have strong ability to prevent systemic or regional risks. In the stage of transition, short-term fluctuations of economic growth are hardly avoidable, but the Chinese economy will not head for a "hard landing". And we will be able to achieve the main economic and social development targets set for this year.
The Permanent Court of Arbitration in The Hague is set to announce its final decision next Tuesday in territorial disputes between China and the Philippines.
来源：资阳报