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China's ban on the importation of several types of solid waste is likely to come into force in March. The move has proved controversial, though, as China is a major market for global recyclables, and some exporting countries, including the United Kingdom and the United States, say it will cause a certain degree of turmoil.
China's automobile industry is continuing its recovery and new energy vehicles continue to contribute growth, Securities Daily reported on Wednesday.
China's central bank has maintained a relatively higher interest rate level compared with its Western peers. As a result, the yuan's interest-rate premium over the yield on the dollar expanded, which also helped to boost foreign investors' demand for renminbi-denominated financial assets to seek higher returns, said analysts.
China's central bank may take an alternative approach to maintain lower corporate borrowing costs instead of an immediate interest rate cut－following the US Federal Reserve's quarter-percentage-point cut on Wednesday－to support the domestic economy and ease downward pressure in the second half of the year, the country's policy advisers said.
China will continue to support the Group of 20's debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a recent statement.
来源：资阳报