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China urged both sides to avoid any actions that could further escalate the situation, show good will and flexibility and engage each other in dialogues as soon as possible, so as to jointly safeguard regional peace and stability, he added.
China traditionally has been called the manufacturing hub of the world, and manufacturing is certainly going to be important to China, but the country is rapidly becoming a technological hub. Many technological leaders, such as Alibaba, Tencent and SenseTime, have originated in China.
China plans to issue 3.75 trillion yuan of special local government bonds this year, 1.6 trillion yuan more than last year.
China now utilizes a quota system for land use to curb the increase of construction land and the decrease of farmland. Local governments can get quotas for certain plot sizes for construction use if the same size of construction land in its jurisdiction is reclaimed.
China raised the retail prices of gasoline and diesel in early August, with retail prices going up by 70 yuan (.2) per metric ton for the two types of refined oil products, according to the National Development and Reform Commission.
