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China's inflation held steady in April, reinforcing views about stabilization in the economy and giving policymakers more leeway to tighten regulations.
China's economic reforms have not only lifted hundreds of millions of people out of poverty, but also made China the largest economy in the world in purchasing power parity terms, he added.
China's new round of reform and opening-up will encourage global companies from the high-end manufacturing sector to further transform traditional industries with smart manufacturing in the country, said business executives.
China's gross domestic product expanded 6.7 percent year-on-year in the first three quarters of 2018 to about 65.09 trillion yuan, official data showed.
China's local governments are also working to attract private capital into cash-strapped strategic emerging industries, which have found it difficult to get bank loans as many start-ups are yet to turn patents and intellectual property into profits.
来源：资阳报