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China's steel consumption is expected to hit a record in 2019, and this would then be followed by a slight decline in demand in 2020, a new report by the China Metallurgical Industry Planning and Research Institute released on Thursday said. The report added that the country's crude steel output is also expected to fall in 2020 from 2019.
China's top banking and insurance regulator said the country is under relatively high pressure of seeing a rise in nonperforming loans as its NPLs have not been fully exposed.
China-Laos people-to-people and cultural exchanges have become more dynamic. 400,000 Chinese tourists traveled to Laos in the first half of the year. More and more people from Laos are traveling to China for business or as tourists. The number of Lao students studying in China under Chinese government scholarship tops all ASEAN countries. Chinese medical services initiatives including Peace Train and Mekong Bright Action were widely acclaimed by the Lao people. Nearly 100 young volunteers from Shanghai went to Laos to teach Internet technology and sports, and one of them became the head coach of the Lao national men's basketball team. The Story of Times, a documentary co-produced by China and Laos, was viewed several million times on the Internet, and deeply touched the hearts of our two peoples. The pop music video "Yi Dai Yi Lu" (Belt and Road), written and performed by a Lao musician, went viral on the Internet in China and received a huge number of likes and comments.
China's small-and medium-sized enterprises account for more than half of the country's GDP growth and tax revenues and most of the jobs. But the financing bottleneck has become a major problem affecting their development. China has cut the reserve requirement ratio four times since the start of last year, which has substantially improved the access of small-and medium-sized enterprises to lower-cost funds.
China's translation services should keep pace with the country's rapid development in the new era and enhance their ability to present a true, multidimensional and panoramic view of China to the outside world, Guo Weimin, vice-minister of the State Council Information Office, said on Saturday.
来源：资阳报