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China's current "double-track" interest rate system covers market-oriented money market rates and banks' benchmark deposit and lending rates. The latter are guided by the monetary authority.
China's housing inventory was down significantly, and the debt-to-asset ratio for industrial businesses also dropped. Corporate operation costs declined as governments moved to reduce business burden, and investment surged in weak areas including environmental protection and agriculture.
China's foreign exchange reserves grew for a sixth consecutive month in July, data showed on Monday.
China's economic structure has also become balanced and new drivers for growth are posting a stronger presence in the first quarter, according to NBS data.
China's economy is expected to grow by 6.2 percent this year and by 6.1 percent next year, despite rising global uncertainties, the World Bank said on Friday.
来源：资阳报