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China should take further actions to reduce risk in this regard, such as making differentiated monetary policies and developing insurance services to withstand various types of risk, so that inclusive finance will cover a wider scope of clients at more reasonable prices. For instance, if insurance companies offer insurance policies against climate disasters, pests and diseases, an insured credit mechanism could be built on agricultural product orders, he said.
China will accelerate steps to develop the industrial internet and publish a guideline to promote the digitalized, intelligent and internet-powered development of the nation's manufacturing sector, said a leading official on Monday.
China revised the catalog in late August "in accordance with the development of science and technology and the need to promote international scientific and technological exchanges and cooperation", said Gao Feng, the ministry's spokesman.
China will also work for the establishment of a union of economic think tanks and strengthen capability building by promoting people-to-people exchanges.
China looks forward to stronger exchanges covering education, culture, youth, media and think tanks to bring the two peoples even closer, said Li.
