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ULAN BATOR, June 10 (Xinhua) -- The 12th Asia-Europe Finance Ministers' Meeting was held in Ulan Bator, the capital of Mongolia, on Friday, which called for increased connectivity between the two continents.
The fundamentals of the Chinese economy have remained unchanged, and our macro policies will maintain continuity and stability. In the meantime, we will continue to innovate means of macro control, implement the proactive fiscal policy with greater intensity and efficiency, and carry out the prudent monetary policy in a flexible and appropriate fashion. We will channel more resources into areas that help strengthen weak links, increase the momentum of development and take development to a higher level, as well as into areas of the new economy that serve to promote economic transformation and upgrading. The current debt ratio for the Chinese government is around 40 percent, and is only around 16 percent for the central government, lower than many other major economies. This has given us space for a proactive fiscal policy. A high savings rate in China means huge potential for the development of multi-tiered capital markets. It also means major leeway for improving financial regulation methods and financial resource allocation. We are in a position to create conditions to gradually lower corporate leverage ratio and financing costs in a market-based and law-based manner. We not only have sufficient policy tools to keep economic performance within the reasonable range. We also have strong ability to prevent systemic or regional risks. In the stage of transition, short-term fluctuations of economic growth are hardly avoidable, but the Chinese economy will not head for a "hard landing". And we will be able to achieve the main economic and social development targets set for this year.
Xi hoped that the forum would grow into a crucial platform for facilitating mutual understanding and mutual learning between the two countries.
"We will take more measures to expand opening up and create an equal, transparent and attractive investment environment for investors from home and abroad, including German businesses," the premier said.
Xi arrived in Belgrade on Friday for a historic visit to Serbia as China seeks to carry forward traditional friendship and step up economic engagement with the country. It is the first visit by a Chinese head of state to Serbia in 32 years.
来源：资阳报