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China has made progress in rebalancing away from external-led growth and more service-denominated economy, while the core challenge remains an excessive reliance on debt, Zhang Longmei, International Monetary Fund's deputy resident representative in China, said at a forum hosted by International Monetary Institute of Renmin University of China.
China has built 21 LNG receiving terminals across the nation, with an annual receiving capacity of more than 80 million tons. Among them, 10 receiving terminals have been built by China National Offshore Oil Corp, with a combined receiving capacity of 45.2 million tons, said CNOOC Chairman Yang Hua.
China firmly supports Tajikistan in holding the fifth summit of the CICA in June and promoting further development of cooperation within the framework of the mechanism, Wang said.
China has always advocated win-win cooperation and negotiated settlement of disputes. However, it will never remain silent when its rights and interests are damaged by other countries.
China has explored funding infrastructure and public works through the PPP model since 2013 as concerns grow over local government debt.
