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China should further increase the local governments' debt ceiling and develop more financial instruments as tightening credit environment makes it tough for local governments to obtain funding for infrastructural construction, said a report by a Beijing-based think tank.
China maintains stable economic development with resilient growth and balanced supply and demand. [Photo/VCG]
China plans to lift at least 10 million people out of poverty this year, according to the annual government work report made by Premier Li Keqiang. The country will put more effort into developing local industry, education and healthcare, according to the report.
China took over the UN Security Council presidency in July.
China said a naval mission in its own territorial waters is beyond reproach and justifiable after Japan lodged a protest about a Chinese frigate entering waters surrounding the Diaoyu Islands on Thursday.
来源：资阳报