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China will take "much stronger" moves to curb illegal or irregular borrowing by local governments, to prevent debt growth that may spark systemic risks, a senior official with the Ministry of Finance told China Daily.

China's agricultural support is driven partly by reducing rural-urban inequality. Yet despite overall growth in per capita incomes, inequality has risen, as the wealthier segments of society experience faster wage growth than the poor. Urban-rural income inequality is particularly notable, with the income ratio remaining above 3-to-1 in recent years.

China's Foreign Minister Wang Yi (6th from L) poses with Ministers of Foreign Affairs from other ASEAN countries during a bilateral meeting at the 51st Association of Southeast Asian Nations (ASEAN) Ministerial Meeting in Singapore on Aug 2, 2018. [Photo/VCG]

China's centrally-administered State-owned enterprises will be characterized by integrity and social responsibility as they participate in high-quality projects of the Belt and Road Initiative, a senior regulator said on Saturday.

China's bad loans inched up amid the outbreak and may continue to rise in the second quarter, said Xiao Yuanqi, chief risk officer of the China Banking and Insurance Regulatory Commission, adding that the country has taken measures to mitigate these risks.