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China is still a developing country. Despite our large economy, the per capita GDP is ranked below 70th place in the world. China’s development remains unbalanced and inadequate with significant disparities between different regions and between urban and rural areas. In many places, transportation, energy, utilities and other types of infrastructure remain underdeveloped. In rural areas, over 30 million people still live in poverty with an average annual income of less than 3,000 RMB yuan. But every coin has two sides. The upside of the disparities is that they also represent big space for development. With a huge market of more than 1.3 billion people, China has vast potential, great resilience and broad space for maneuver in coping with changes in the global environment. Its economy is fully capable of sustaining sound growth.

China is a major producer and user of antibiotics among animals. Bacteria drug-resistance is becoming increasingly serious in China, forcing even more drugs to be used in the poultry and livestock industry, which causes serious threats to public health, according to the Ministry of Agriculture.

China has so far inked 15 free trade agreements with 23 countries and regions.

China has two options: to tolerate the anarchy or to adopt the national security law. Neither of the two is a good option in the short term.

China is taking measures to maintain balance of fiscal income and spending, to counter economic downside risks and tighten the budget management of local governments, according to the Ministry of Finance on Tuesday.