Highlights 

　　Finance Minister Xiao Jie: the management of local government debt must ensure lifetime accountability 

　　Finance Minister Xiao Jie attended the 2nd Plenary Meeting of the 29th Session of the 12th Standing Committee of the National People’s Congress 

　　The State Council published a circular on several measures of promoting the increase of foreign capital 

　　The State Council planned to deepen the reform of central SOEs and reduce leverage 

　　Revenue under China’s general public budget increased by 10% year on year from January to July