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China's economic development has transformed from the phase of high growth speeds underpinned by high inputs of resources into a new phase that features a slower growth but improvements in the quality and efficiency of growth, according to him.
China's manufacturing sector is the largest and most diversified in the world, and the international community is confident that China's supply chains are resilient enough in the face of the epidemic, Geng said.
China's deleveraging push is a long-term and crucial part of the economy's restructuring efforts. This is a welcome and healthy process as long as it's managed carefully, and will upgrade the quality of economic growth for the country going forward. As deleveraging continues, we expect there will be more foreign investment interest and opportunities as investors look more favorably and optimistically on China's fundamental growth outlook. This is of course also positive for Deutsche Bank's business in China, as we are well positioned to help inbound investment into China, given our strength in cross-border work, not just for capital markets, but also in advisory.
China's insurance funds posted a 5.56 percent annualized rate of return on financial investment in the first half of 2019, up by 0.8 percentage points year-on-year.
China's economy has gradually recovered since the second quarter of this year, with the GDP growth rate rebounding to 3.2 percent year-on-year, reversing the 6.8 percent decline in the first quarter, on the back of a broad range of fiscal measures, including tax and fee reduction, infrastructure investment, social benefits and employment support.
来源：资阳报