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To achieve this, the capacity of governance had been important.
BEIJING, Dec. 13 (Xinhua) -- China will smooth the transmission mechanism of monetary policies and further bring down overall financing costs for small and micro-businesses as part of efforts to address their financing difficulties.
District councils are organizations at the district level that advise the HKSAR government on matters affecting the well-being of the residents and participate in the management of district affairs.
For years, China has been adhering to a basic socialist economic system in which public ownership has a dominant position, with other forms of ownership existing side by side.
"The root cause is that we have upheld the centralized and unified leadership of the CPC Central Committee, maintained strategic resolve, kept pursuing progress while ensuring stability, deepened reform and opening-up, and given full play to the enthusiasm of central and local governments," the statement said.
来源：资阳报