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China's industrial profit grew 22 percent in the first half of the year, much faster than the 8.5 percent increase in 2016, according to the National Bureau of Statistics.
China's local governments are also working to attract private capital into cash-strapped strategic emerging industries, which have found it difficult to get bank loans as many start-ups are yet to turn patents and intellectual property into profits.
China's draft civil code will be submitted to the top legislative body this week for final deliberation during the country's biggest annual political gathering.
China's consumer price index, a primary barometer of inflation, in May rose for the third consecutive month to 2.7 percent year-on-year, the National Bureau of Statistics (NBS) said on Wednesday.
China's macroeconomic policy in the second half of the year still has room to be strengthened, especially with regard to fiscal and monetary policy. There is plenty of discussion on this issue. For example, in terms of monetary policy, the RRR is about 9 percent to 10 percent, which is higher than that in many major economies. Some countries have even abandoned such an indicator. The RRR in China was once as low as around 6 percent, so there is still a lot of room to reduce the ratio.
来源：资阳报