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China's capital intensity ratio was 1 percent in 2001, and as of 2016, it was 18 percent, marking an 18-fold growth. Now, with overcapacity, and excess inventory and capital, China should go global supported by capital accounts, facilitating outflows of the renminbi through overseas investment and export of capital. Meanwhile, China should bring back the renminbi by exporting industrial products. Then, a full circulation cycle of the yuan will be completed.
China's Ministry of Finance and Ministry of Emergency Management (MEM) on Thursday allocated 418 million yuan (.7 million) for drought relief in seven provincial-level regions.
China will remain open to the world and emphasize cooperation with other countries in the next five years, said a leading Chinese economist.
China's biggest electric carmaker BYD on Wednesday officially showed the world its automatic driving technology with the launch of a self-driving monorail system in Yinchuan, capital of the Ningxia Hui autonomous region.
China's central bank continued to inject funds into the market on Wednesday to maintain liquidity. [Photo/IC]
来源：资阳报