Liu urged banks to make use of instruments like local government special bonds, perpetual bonds and second-tier capital debt for supporting the real economy and small and medium-sized enterprises. "Banks should adopt various measures to augment capital, and strengthen the ability to serve the real economy and support small and micro enterprises."
Looking 10 to 15 years ahead, he said the Chinese authorities need to continue to push reforms, shut down de facto defunct State-owned enterprises and make banks recognize nonperforming loans.
Located in northeastern Shanghai, Yangpu district is widely recognized as the cradle of China's modern industry. It was also where the country's first water plant, gas plant and thermal power plants were built.
Local TV channels showed footage of the mangled remains of the bus and reported that it was carrying passengers exceeding its capacity and travelling at a speed usually not recommended in a hilly terrain.
Local authorities were asked to prepare for the weather front by cutting power in high-risk areas and to prepare for floods and landslides.
Long Guoqiang, vice-president of the Development Research Center of the State Council, said China has ensured fair treatment for its goods, personnel and capital overseas.
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Logistics expenditures rose 9.8 percent to 13.3 trillion yuan, amounting to 14.8 percent of last year's GDP. The share was slightly up from the previous year.
Local companies are scrambling to answer the call. Chinese tech giant Lenovo Group Ltd, for instance, is stepping up its push to help local companies accelerate intelligent transformation and unveil new tech solutions for smart cities, education, agriculture, energy, manufacturing and other sectors.
Local resident Awahan Mamettimin dedicated a wall to display special photos of his family and poverty-relief officials, to show the great changes in their life.
Located in the heart of Europe, independent and open to the world, Switzerland has a special relationship with China. In a diverse, complex and interdependent world, this relationship can serve as a model to address many of today's challenges.