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China still has weak links in technology as well as its industrial and supply chains, while circulation in the financial sector and the real economy is not sufficiently smooth, said Wang.
China ranked second after the United States in an internet development index released on Monday that gauges six dimensions from internet infrastructure to application among 38 countries.
China needs to improve its macro-policy framework to better match the country's status as an issuer of global reserve currency and to enhance the international community's confidence in the renminbi, he added.
China sold .22 billion of US Treasury securities in September, reducing its total holdings to .062 trillion. Meanwhile, China increased its holdings of Japanese debt by more than 70 percent in the first nine months of 2020.
China should take multiple measures to enhance the enforcement of laws and regulations in the securities sector to maintain a healthy and stable capital market environment, according to a Saturday meeting of the Financial Stability and Development Committee of the State Council.
来源：资阳报