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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.
portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone
tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub
mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli
nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.
Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A
mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after
the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.
“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they
will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth
er enhance cooperation on several space projects focusing on satellite networks in future.