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China should protect private property rights and ensure fair competition between public and private companies so that entrepreneurs are keen to invest in emerging industries and are willing to withdraw from industries that have excess capacity.
China is willing to work with the Philippines and other countries surrounding the South China Sea to advance pragmatic cooperation in environmental protection, scientific research, fishing as well as search and rescue, he said.
China is willing to step up strategic coordination with the European Union to further the major political agendas between them and jointly cope with global challenges such as public health, climate change and the protection of biodiversity, he added.
China was ready to work with ASEAN countries to implement the Declaration on the Conduct of Parties in the South China Sea (DOC), deepen maritime cooperation, agree on a timely negotiation-based COC, and jointly maintain peace and stability in the South China Sea, Geng said.
China plans to introduce its first option contracts in stock indexes, in an effort to provide the regulator another method to hedge the risks of Shanghai and Shenzhen stocks markets, according to an official from China's top securities regulator.
来源：资阳报