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"Constraints over local governments' budgets will be made more binding," it said, noting that "disorderly use of debt financing for construction will be resolutely stopped and the governments' bond issuance practices will be standardized."

"Considering the scale of banks in China, they should play a more important role in fintech innovations," he suggested.

"China's economic growth has undergone profound changes in the post-crisis era," he said. "The ratio of consumer spending to GDP has been on the rise for eight consecutive years."

"Considering the dense crowds and limited space of the airport, any violent clashes may lead to mass casualties," he said. "Such a tactic is really despicable."

"Chinese contractors have increased the supply of affordable houses and hence help to stabilize the price of houses in the country," Makathimo said during the release of a report on the status of service delivery in the land sector.