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China has insisted on openness and inclusiveness in resolving the problem of world economic imbalance. This has helped increase the confidence of countries about future economic development, Wang said.
China has allowed small and medium-sized banks to replenish capital by issuing perpetual bonds and preferred shares. It has also allowed insurance funds to invest in tier-2 capital bonds issued by smaller banks. Despite these efforts, quite a large number of small and medium-sized banks still cannot replenish capital via market-oriented financing channels, said Zeng Gang, deputy director-general of the National Institution for Finance& Development.

China had about 241 million people aged 60 and older as of 2017, accounting for 17.3 percent of the total population, according to the National Bureau of Statistics.
China has also upgraded existing plants, to reduce emissions in the manufacturing process and slash their environmental impact. The cement industry contributes around 5 percent of global carbon dioxide emissions, according to the World Resources Institute.
China has formulated a three-step strategy for developing the BDS, aiming to complete the deployment of the 35-satellite constellation around 2020 to provide services to global users.
来源:资阳报