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China's insurance regulator said on Monday it will intensify regulation of outbound and real estate investment, a move to prevent valuation risks abroad and guarantee the stability of the nation's foreign exchange reserves.
China's home prices remain stable in June. [Photo/VCG]
China's fast economic growth has fueled the rapid development of the aviation industry. By 2000, the country had become a significant market in the international aviation industry. It was because of the big potential of the civil and business aviation industries in China that Embraer decided to enter this important market in 2000. After 18 years of development here, Embraer has now become an important player in the regional aviation market.
China's financial supervision needs to keep pace with new changes and phenomena in the sector, and supervision rules must be updated in a timely manner, Guo said.
China's foreign exchange reserves rose to a six-month high of nearly .11 trillion by the end of December, supported by stronger exports and stable capital inflows amid the financial sector opening-up, according to data released by SAFE on Tuesday.
