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China piloted carbon emission trading in seven provinces and cities in 2011 to explore market-based mechanisms to control greenhouse gas emissions. A national carbon emission trading market was launched in 2017.
China urged the US to abide by the one-China principle and the three China-US joint communiques, stop pushing review of the negative TAIPEI Act, and properly handle Taiwan-related issues, he said.
China should have an expansionary and much stronger fiscal policy in order to increase public spending and prevent a further slowing of economic growth, said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences. Yu spoke at a recent forum.
China takes a positive attitude toward reform of WTO rules. At this year's China-EU Summit, the two sides agreed to set up a joint working group on WTO reform. When it comes to matters concerning all of us, the interests of all parties would be best served through discussions among all stakeholders.
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.