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China will continue to "block the back door" for illegal debt, while "opening the front door" to allow local governments to issue debts through proper channels, the MOF said.
China said if the US introduces trade sanctions, including tariff hikes, the economic and trade achievements negotiated by the two sides after the third round of trade talks in Beijing will not take effect.
China promotes IP pledge financing to support enterprises amid epidemic. [Photo/Sipa]
China should actively participate in the construction of a global financial safety net. For its part, the PBOC will improve the renminbi exchange rate regime and promote the two-way opening up of the financial sector.
China joined the organization in June 1980 and is ranked 17th in the Global Innovation Index 2018, moving up five positions from last year.
来源：资阳报