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China is stepping in to stabilize economic growth by pushing the fiscal policy "more proactive", which is required to coordinate with a prudent but more flexible monetary policy, according to a series of high-level government meetings during the last two weeks.
China is becoming more of an influence on the world economy as the country becomes a major trading partner for many nations and a growing source of foreign direct investment, he said on Tuesday at Fitch's Global Sovereign Conference in New York. Fitch is one of the "big three" US credit ratings agencies, alongside Moody's Investors Service and Standard & Poor's.

China is confident in its ability to minimize the impact on its economy by the novel coronavirus epidemic, said a senior government official.
China is concerned about protecting its own rapidly growing intellectual property, leading to increased recognition of the issue's importance, according to US citizens with business ties to the country.
China is expected to cut 2.3 trillion yuan (0 million) in taxes and fees in 2019, Securities Daily reported on Tuesday.
来源:资阳报