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China's central bank has maintained a relatively higher interest rate level compared with its Western peers. As a result, the yuan's interest-rate premium over the yield on the dollar expanded, which also helped to boost foreign investors' demand for renminbi-denominated financial assets to seek higher returns, said analysts.
China's central bank governor Zhou Xiaochuan said in June that opening up helped to build a strong and competitive financial sector in China, and that protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, causing poor competitiveness and hurting the industry's development.
China's big industrial firms are expected to see stable profit growth in coming months, after a double-digit year-on-year increase in cumulative profit from January to May laid a solid foundation for the year.
China's central bank announced on Friday it would inject 550 billion yuan (.67 billion) of liquidity into the economy by cutting the cash amount commercial banks must reserve to stabilize market sentiment and support economic growth amid the novel coronavirus outbreak.
China's campaign has made it increasingly difficult for corrupt officials to evade justice, and that represents a critical factor leading to the final victory against corruption, noted Xulio Rios, director of Spain's Observatory of Chinese Politics.
来源：资阳报