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China has put a ceiling on the amount of local government debt and tied the quota that each local government can receive with their financial strength, current debt risks, and management efficiencies.

China is opposed to any unilateral actions that complicate the situation in Kashmir, and calls on both India and Pakistan to resolve the relevant disputes through peaceful means, State Councilor and Foreign Minister Wang Yi said on Monday.In a meeting with visiting Indian Foreign Minister Subrahmanyam Jaishankar, Wang said the Indian Government's announcement of the establishment of the Ladakh Union Territory, which involves Chinese territory, has challenged the country's rights and interest in sovereignty.The practice is neither valid to China nor will change the status quo that China exercises the sovereignty and effective administrative jurisdiction over the relevant territory, Wang said.

China has rolled out a number of measures to significantly broaden market access since the beginning of 2018, a year that marks the 40th anniversary of the country's reform and opening-up policy.

China has set a target to reduce the smoking rate among people aged 15 and above to 20 percent by 2030 from the current 26.6 percent, according to the "Healthy China 2030" blueprint issued in 2016.

China is expected to have a closer relationship with the global market, as carmakers are making the country a production base for exports, said a senior BMW executive.