Full coverage: G20 Hangzhou Summit

China's Finance Minister Lou Jiwei has said the country has no systemic regional debt risks, despite a few corporate defaults.

Speaking at the conclusion of the G20 Finance Ministers and Central Bankers' Meeting in Chengdu City, Lou Jiwei said the government cannot easily step in to solve debt problems, but would take steps to prevent risks involving strategically-important financial institutions.

Lou added that China would also implement both demand-side and supply-side policies -- but would rely mainly on supply-side reform. 

"The risks in the too-big-to-fail financial institutions might spell disastrous impacts on the economy, and force the government to step in to rescue. What we need to do is to have prudential macro-governance to prevent that from happening," he said.