Given the pressure of the slowing global economy, a high

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.

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