degree of leveraging maintains the top risk for China’s economy, thus
measures should continue to reduce the debt-to-GDP ratio “in proper order”, said Lou Jiwei, ch
airman of the National Council for Social Security Fund and a former finance minister.
It is necessary to build a long-term and efficient mechanism for financial regulati
on and fiscal supervision, and to prevent potential risks in the property sector, Lou said.
The three-day China Development Forum has a guest list of more tha
n 150 international delegates, including global industry leaders.A new round of high-level
economic and trade consultations, headed by United States Trade Representative Robert Lighthizer on the US
side, will kick off on March 28 in Beijing, the White House confirmed on Saturday.
“At the direction of President Donald J. Trump, United States Trade Representative
Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Beijing, China, for prin
cipal-level meetings starting on March 28, 2019, to continue negotiations aimed at improving the trade rel
ationship between the United States and China,” the White House Press Secretary said in a statement.