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Despite this, China has never compromised the level of openness of its market. On the contrary, China has fulfilled its WTO commitments to the letter. Take the trade in goods as an example. By 2010, China had lowered average tariffs on imported goods from 15.3% to 9.8%, eight years ahead of scheduled cuts. But China did not stop there. Through further cuts on its own initiative, China had lowered the trade-weighted tariffs to 4.4% by 2015, which was significantly lower than many other emerging economies and developing countries, and was close to the levels of the US (2.4%) and the EU (3%). In services trade, China's commitment covers 9 of the 12 core services sectors according to WTO classification, namely 100 of the 160 sub-sectors. This is close to the average level (108) of developed countries and way ahead of the average level (54) of other developing countries.
Developing direct financing will be prioritized, and indirect financing structure will be improved.

Direct financing, such as capital raising activities through stocks and bonds, could play a bigger role to increase the flow of funds into small businesses and the private sector, and serve as a supplement to the long-term denominated 260 trillion yuan (.4 trillion) banking sector in China's financial system, said a guideline, issued by the Communist Party of China Central Committee and the State Council on Thursday night.
Director Chen Shi-Zheng believes the timing was right to personify the Chinese immigrant experience through martial arts and music.
Developing countries have long been China's stated priority in promoting global partnerships. In a speech at the 73rd Session of the United Nations General Assembly in September last year, State Councilor and Foreign Minister Wang Yi said strengthening cooperation and solidarity with developing countries has been, and will continue to be, a firm strategic priority in China's diplomacy.
来源:资阳报