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Private banks and consumer finance companies should develop in an orderly manner and steps should be taken to promote regional equity markets for small and medium-sized enterprises, he added.
Major factors leading to a decline in private investment are found to include pressure of an economic downturn, reduction of excessive capacity, insufficient policy implementation, as well as financing difficulties facing local smaller, privately-run companies.
"This dangerously tense and complex situation threatened not only safety of an extremely important maritime corridor but the peace and prosperity in the region, even the whole world," he said.
Guo said that since the establishment of diplomatic ties, Sino-Italian relations have developed smoothly.
The mutual respect and friendship between the two countries and peoples will be the most significant key to success, he said, pointing to the success story of COSCO Shipping's first investment at Piraeus at the containers terminal. The results of Sino-Greek collaboration over the past seven years are impressive, he noted.
来源：资阳报