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China will hold the fifth World Internet Conference (WIC) this November in the river town of Wuzhen, eastern China's Zhejiang province. [Photo/VCG]
China's central bank is focused on further boosting capital markets and facilitating corporate financing in order to raise confidence among private businesses and offset headwinds, both external and internal.
China's GDP grew 6.9 percent in Q2, flat with the previous quarter and above the government's annual target of around 6.5 percent.
China's central bank, the China Banking Regulatory Commission, and the State Council have all take explicit actions in 2017 to reduce the expansion of debt - especially the mounting indebtedness of state-owned enterprises, said Roach.
China's centrally administered State-owned enterprises including the Metallurgical Corporation of China Ltd, China Railway Group Ltd and Power Construction Corporation of China have also established their northwest regional headquarters and supporting facilities in Xi'an to better participate in the development of the BRI.
