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Calling the reasoning "cliche," the MOF said it was a pity for S&P to focus on China's fast credit growth and debt issues, but ignore the country's distinctive financing structure, the wealth-creating effect of government spending and its support for growth, as well as sound development fundamentals and growth potential.
Canadian companies are faring well in China, he said, citing aerospace and transportation giant Bombardier and leading automotive supplier Magna which "currently have about 40 operations" there.
Calling for China and Europe to enhance their support for multilateral institutions, Wang said both sides also agreed to maintain the overall status of China-EU relations and properly manage differences.
California is taking the lead in the US in cutting greenhouse gas emissions by mandating public transit agencies to transition to 100 percent zero-emission bus fleets by 2040.
Canada's Minister of Natural Resources Jim Carr will also travel to China in June with forestry leaders in a bid to find new markets for Canadian softwood, the report said.
来源：资阳报