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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.
followers on Sina Weibo and works as a part-time commercial photogra
pher, said that virtually all his female clients ask him to alter their pictures digitally to mak
e them appear skinnier before they are posted online－even those who are already super-thin.
The 30-year-old also engages in “fat talk” with his fri
ends, and sometimes jokes about his rotund belly to his followers on Sina Weibo.
He said, “Different from women, guys my age or younger engage more in ‘mus
cle talk’ because they want to be bigger and stronger”, while many middle-aged men who h
ave gained weight get caught up in “fat talk”, as they “want to lose weight and be heathier rather than prettier.”
Denise Martz, a professor of psychology at Appalachian State University in
North Carolina, US, said, “Social media is giving women a false sense of how they usually look.
nal proportions. But nothing can obliterate the tangible benefits the development initiative has brought. In less than six
years, the nascent Belt and Road are already changing development landscapes in multiple places and dime
nsions. Thanks to the initiative, East Africa has seen its first expressway, the Maldives its first cross-sea bridge, Belar
us its own car-manufacturing enterprise, and landlocked Kazakhstan finally has access to the sea.
And while China-Cambodia trade may not look to be in perfect balan
ce at this point, Belt and Road cooperation between the two neighbors is laying a solid fo
undation for the latter’s future progress. Take the Sihanoukville Special Economic Zone for instance. An exem
plary project under the framework of the Belt and Road Initiative, it is expected to host 300 enterprises, create 100,0
00 industrial jobs, and serve as a resident-friendly new community housing 200,000 people.