It also ascribed the surging debt level to illegal fundraising from financial institutions, and the belief that local governments are unlikely to go bankrupt as they are supported by fiscal "implicit guarantees".
It also emphasized the need to improve the business environment with further reforms and opening-up. Facilitating and protecting foreign investment will be bolstered, and the negative list for such investment will continue to be shortened, according to a statement released after the meeting.
It confirmed that regulatory and supervisory assessments of the banking, insurance, and securities sectors "show a high degree of compliance with international standards", although there are still gaps.
It has invested more than 3 billion yuan (4 million) in mine development in Tuva, a republic in Russia's southern Siberia which has rich bronze, gold and silver resources.
It also has passed two-phase testing to meet Interior's unmanned aerial vehicle (UAV) data management and risk-mitigation requirements, the company said.
It cited Ma as saying that Xi'an is an important city in Northwest China and the starting point of ancient Silk Road. Alibaba looks forward to be involved in the city's development.
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It is "no big deal" if economic growth slips by some tenths of a percentage point in the near future, he said, noting that China's economic growth rate has become less volatile in recent years, with 6.9 percent for 2015, 6.7 percent for 2016 and 6.9 percent for the first quarter of 2017.
It also emphasized that regions giving assistance should also be concerned with their own disease control work and enhance the local recovery rate while bringing down the fatality rate.
It also shows 74 percent of China's senior oil and gas professionals predict increases in investment to decarbonize gas supply in 2019, compared with 56 percent globally. Almost two-thirds say not enough investment is currently being made in liquefied natural gas and pipeline infrastructure.
It could have stopped at selling books—the “books platform”—but instead it has cascaded its scope of service to all forms of consumer items, and even to the enterprise itself.