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China has been dissolving excess capacity in coal and steel production, in part due to its air pollution control efforts. The production cut is expected to improve air quality in Hebei and neighboring Beijing and Tianjin municipalities.

China encouraged banking institutions to strengthen risk management, reduce their costs and improve efficiency for small business lending by adopting financial technologies.

China has closed many old plants and merged hundreds of producers in pursuit of efficiency, and to cut overcapacity.

China had 126,600 rural banking outlets by the end of 2018, with about 1.31 bank serving every 10,000 people in rural areas on average.

China has long called for a dual-suspension approach to ease tension on the peninsula, to pave the way for denuclearization. That is for the DPRK to halt its nuclear and missile tests, and the US and South Korea to cease their joint military drills.