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The media likes the word "trap", the "Thucydides trap", the "Kindleberger trap" and the "middle income trap". In our view, it represents a rather pessimistic perspective. We Chinese always believe that there are more opportunities than challenges, and more solutions than problems. Even in crisis, there lies opportunities. Being optimistic is important, which is also true when it comes to the debt problem. For those countries that are grappling with debts, once they pull it through, their economy may face a bright outlook. China was also financially stripped at some point in the past. But we dealt with it and made progress in our development. It is not realistic to expect a happy life to fall into your lap without working hard for it and taking risks, including taking on some debt in this case.

The meeting also decided that the inclusive credit loan support program will be extended from the end of this year as appropriate. Concessional financial support at 40 percent of the loan principal will continue to be given to eligible local banks for their issuance of inclusive credit loans to micro and small enterprises.

The ministry and the National Development and Reform Commission issued a guideline designed to deepen road transport fare reform in November, urging local governments to make taxi fares more flexible.

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The market speculation can be traced back to Sep 8, when FAW Xiali announced suspension of its shares due to urgent issue.

The measures will cover the liberalization, facilitation, promotion and protection of investment, and will also include improving regional opening-up, as well as promoting innovation in national development zones.

The meeting continued for four hours from 10:00 am local time on the ROK side of the border village of Panmunjom, according to the Blue House of the ROK.

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The ministry said that without proper means of disposal, old batteries could bring about environmental and safety risks and result in a waste of resources.

The meeting, jointly hosted by the CAIT and Shandong University of Finance and Economics, or SUFE, was held in Shandong University of Finance and Economics in Jinan on Nov 15-16.

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The ministry said in a notice published on Friday that concrete steps will be taken to solve investigation, evidence gathering, arbitration and mediation difficulties in cases of employers postponing wage payments to migrant workers.

The ministry will also support Hainan to open opportunities for public recruitment by government-affiliated institutions to residents from Hong Kong, Macao and Taiwan and guide Hainan to formulate and promulgate policies and measures for recruiting and managing foreigners in public institutions.