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China's leverage level had been on the rise for some time, said Pan, but it was too simplistic to directly compare it with other countries.
China's new energy vehicle sales dipped in 2019 for the first time in at least a decade, but a senior industry official said on Saturday there is "no change" in the sector's long-term prospects.
China's economy expanded 6.9 percent in 2017, picking up for the first time in seven years and well above the government annual target of around 6.5 percent.
China's efforts in improving its business environment have been recognized by the World Bank in its annual Doing Business report. Last year, China rose to a global ranking of 46 among 190 economies, up from 78 the previous year.
China's insurance regulator on Wednesday significantly revamped the rules that regulate the shareholding of the country's insurers, aiming to increase their ownership transparency and resolve acute problems such as fake capital injection and illegal shareholding entrustment.
来源：资阳报