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China's forex reserves climbed to .009 trillion by the end of March from 3.005 trillion dollars a month earlier, still the largest foreign exchange reserve stockpile in the world.
China's crude oil futures contracts have so far been widely considered a success, yet the market still has a long way to go to catch up with mature international crude benchmarks, analysts said.
China's economy maintained steady growth and a positive outlook this year, with many bright spots emerging, including markedly improved corporate profits, said Bai Chongen, a Tsinghua University professor and member of the central bank monetary policy committee, at a forum.
China's economy grew by 6.0 percent year-on-year in the third quarter, versus 6.2 percent in the second one, the National Bureau of Statistics said on Friday.The country's overall GDP growth reached 6.2 percent year-on-year in the first three quarters of this year, the NBS said.The Chinese economy maintained overall stability in the first three quarters, but is under mounting downward pressure, the administration said in a statement. The country will "place stable growth and reasonable range of economic development at a more prominent position," the statement said.Retail sales increased by 7.8 percent year-on-year last month, versus 7.5 percent in August.The country registered a 5.8 percent industrial output growth in September, compared with 4.4 percent in August.Fixed-asset investment expanded by 5.4 percent during the January-September period, compared with 5.5 percent in the first eight months. Real estate investment growth in the first nine months rose by 10.5 percent, the same as in the first eight months.Surveyed urban unemployment rate nationwide was 5.2 percent in September, unchanged from August.
China's financing support to Africa is mainly invested in infrastructure construction and productivity. Chinese companies have built a large number of infrastructure projects such as highways, railways, ports, airports and communications facilities in Africa, which have greatly improved the environment for Africa's economic development, added to its appeal to foreign investment and enhanced its capability to achieve self-driven development, according to Geng.