Skip to the content
Skip to the main menu
magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
n, who came to the main venue of the festival on Thursday with four friends.
“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there
are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”
Yang Lin, 26, who described herself as a foodie, also went to t
he gala. “I love Korean food most, except for Chi
nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”
Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i
s made at the venue and sample various cuisines made by more than 200 food enterprises.
Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati
on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is
quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”