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China is the world largest e-commerce market, with online retail sales growing 32.2 percent year-on-year in 2017 to reach 7.18 trillion yuan (.12 trillion).
China has set up a transfer payment mechanism to channel funds from the central government to provincial local governments or to shift funds between regional authorities in order to balance revenues (mostly from tax incomes) and fiscal obligations in different areas.
China is seeking global partnerships and innovative methods to plug the financing gaps for countries and regions participating in the Belt and Road Initiative to boost infrastructure construction for sustainable development.
China is a main manufacturer of industrial robots, but many precision instruments for these robots are produced by companies in the United States, the Republic of Korea, Japan, and European countries, Tang said.
China is also planning to raise the budgeted deficit ratio, a proportion of fiscal deficits to the GDP, and issue special sovereign debt, the first time since 2007. Local governments will also issue more special bonds compared with the amount raised last year, to increase spending mainly in infrastructure, the top-level policy meeting said.
来源：资阳报