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China's domestic software industry is on the cusp of a strategic opportunity, as local enterprises increasingly embrace homegrown cloud computing to accelerate digital transformation, said Wang Wenjing, chairman of Yonyou Network Technology Co Ltd.
China's manufacturing sector had "come under greater pressure" in May, said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin Insight Group. Zhong believes the economy is on a downward trajectory.
China's first Vocational Skills Competition will kick off in Guangzhou, Guangdong province on Thursday.
China's foreign exchange regulator, the State Administration of Foreign Exchange, also launched new strategies to attract foreign investors to the domestic bond market on Monday. It said that foreign institutions, both banking and non-banking investors, can trade in the interbank foreign exchange market, using financial instruments and derivatives to hedge foreign exchange risks.
China's household mortgage to overall loans ratio is about 15 percent, compared with about 40 percent in the US.
来源：资阳报