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|BEIJING， Sept. 13 (Xinhua) -- China will support Peru in hosting the upcoming Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting， Chinese President Xi Jinping said on Tuesday.
Xi told visiting Peruvian President Pedro Pablo Kuczynski that China is ready to work with the Latin American country to make greater contributions to the Asia-Pacific and global economic growth through the APEC meeting.
The 24th APEC Economic Leaders' Meeting will be held in Peru's capital city Lima in November. Kuczynski said Peru is looking forward to hosting a successful meeting with China's support.
Peru warmly welcomes Xi to attend the meeting and make a state visit to the country， according to a joint statement issued following the talks between the two heads of state.
Kuczynski is paying his first foreign visit to China from Monday to Friday. The visit shows the Peruvian people's admiration toward China for its achievements in independent development， Kuczynski told Xi.
Kuczynski was sworn in on July 28 after winning Peru's presidential race in June.
Xi held a red carpet ceremony to welcome Kuczynski ahead of their formal talks.
During the talks， Xi called on both countries to continue high-level contact and expand exchanges between governments， political parties， legislatures and at local levels to consolidate the political foundation for their long-term friendship.
He urged the two sides to enhance pragmatic cooperation in trade， energy， mining， infrastructure and other fields， fully implement the bilateral free trade agreement， and push forward cooperation in industrial capacity， investment， agriculture， green industry and new energy.
Xi also stressed that the two countries should strengthen ties in culture， education， media and law enforcement.
As for global issues， the Chinese president hopes both sides will maintain coordination and collaboration in global economic governance， climate change， and the 2030 Agenda for Sustainable Development in order to safeguard the common interests of developing countries.
Xi pledged that China is willing to deepen cooperation in all directions with Peru as well as other Latin American nations.
For his part， Kuczynski said Peru is ready to strengthen ties with China in various areas， including cooperation on local economic governance and public infrastructure construction. ' According to the joint statement issued following the talks， China and Peru will continue to conduct a feasibility study on a railway project to link the Pacific to the Atlantic.
As for the South China Sea issue， Peru hopes disputes will be solved peacefully through dialogue and negotiation between parties directly concerned， said the joint statement.
BEIJING Shea Weber Canada Jersey , Jan. 30 (Xinhua) -- Chinese Foreign Minister Wang Yi Tuesday outlined China's diplomacy in 2018 at the New Year Reception.
Chinese Foreign Minister Wang Yi addresses a new year reception held by the Chinese Ministry of Foreign Affairs for foreign diplomats to China and representatives of international organizations in Beijing, capital of China, Jan. 30 Ryan Getzlaf Canada Jersey , 2018. Chinese State Councilor Yang Jiechi attended the reception, together with more than 400 participants from foreign diplomatic missions to China and various Chinese departments. (XinhuaZhang Ling)
Addressing foreign diplomats to China, Wang said China would further promote the Belt and Road construction in the new year Roberto Luongo Canada Jersey , and implement the consensus reached at the first Belt and Road Forum for International Cooperation, held in Beijing in May 2017.
China will make good preparations for hosting a series of diplomatic events such as the annual meeting of the Boao Forum for Asia, the Shanghai Cooperation Organization summit and the summit of Forum on China-Africa Cooperation Rick Nash Canada Jersey , he said.
"China will deepen its global partnership network in 2018, and is committed to building a major-country framework featuring stability and balanced development," Wang said.
He said the country would also cement friendship and cooperation with neighboring countries and cooperation with vast developing countries.
"China will continue to play a constructive role in resolving regional hotspot issues Ray Bourque Canada Jersey , and promote settling disputes and conflicts through dialogues and consultation," he added.
Chinese State Councilor Yang Jiechi attended the reception, together with more than 400 participants from foreign diplomatic missions to China and various Chinese departments.
CHINA’s asset-backed securities (ABS) market saw tremendous growth last year Patrick Sharp Canada Jersey , driven by a rise in the issuance of consumption-related securitizations, a report showed.
In 2017, the volume of new issuances surged 64.7 percent to about 1.5 trillion yuan (US$236 billion) Patrick Roy Canada Jersey , making China the world’s second-largest securitization market in terms of new issuance volume, according to a report by Pengyuan International, a credit rating company.
Consumption-related securitizations have experienced explosive growth Patrick Marleau Canada Jersey , with auto loan ABS surging 85.6 percent to 109 billion yuan.
The sharp increase in the issuance of consumption-related securitization was driven by China’s transition to a consumption-based economy and firms’ incentives to diversify their funding sources and lower funding costs through securitization, the report said.
China’s consumption growth and e-commerce development contributed to a rise in consumer loans, which in turn fed consumption-related ABS issuance growth.
The rating agency expects China’s ABS market to continue to grow in 2018 Patrice Bergeron Canada Jersey , but at a moderate pace.
“Due to the new policies on regulating consumer-loan originations, consumer loan ABS issuance in 2018 might not able to keep pace with the previous year,” it said.
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