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China will spend nearly 2.7 trillion yuan (6 billion) on transportation infrastructure projects in 2020, according to Minister of Transport Li Xiaopeng on Thursday.
China's A-share market is scheduled to be included in the MSCI emerging markets index in June. As estimated by China International Capital Corporation Limited, it is expected to bring in a capital inflow valued between billion and billion this year.
China will push high-quality economic growth this year and will have a greater tolerance for a slower growth rate, members of the country's top political advisory body said on Thursday.
China will tighten regulations on financial institutions, to protect investors who are not able to recognize potential financial risks and to safeguard people's money. "Financial activities for the public, whether in the name of technology or not, should be strictly regulated," Pan said.
China will further intensify its proactive fiscal policy through a multipronged approach and strengthen the role of the financial sector in supporting the real economy to help businesses ride out difficulties, the State Council's executive meeting, chaired by Premier Li Keqiang, decided on Tuesday.