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Between 2000 and 2016, China's liabilities rose to 27 trillion yuan from 2 trillion yuan, however, in the meantime, the assets also jumped to 146 trillion yuan from 11 trillion yuan correspondingly. China's net wealth rose from 9 trillion yuan to 119 trillion yuan, building a solid foundation to fend off debt risks, Zhang added.

Biden, 77, promptly expressed his thanks in a tweet. "Barack－This endorsement means the world to Jill and me," he said. "We're going to build on the progress we made together, and there's no one I'd rather have standing by my side."

Besides that, many Democrats avoid promoting gun control because they do not want to offend the NRA. That's why former US president Barack Obama tried hard to push it, but the legislation on gun control still failed to get the approval of the US Congress. In 2015, Obama even openly admitted being depressed about this situation.

Between 2013 and 2017, private companies invested 1.1 trillion yuan (8.5 billion) and 500 billion yuan respectively to take part in the mixed ownership reform of central and provincial SOEs through forms such as equity diversification and business outsourcing, data from the SASAC show.

Biden is known for his gaffes, and this may undercut his appeal.