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China's decision to lift quota restrictions on foreign investors in domestic markets will attract more capital inflows and help offset the economic downside risks from the novel coronavirus epidemic, experts said on Friday.
China's entrepreneurship and innovation are driven by cooperation among different market entities. We have built open and sharing platforms of mass entrepreneurship and innovation, where innovation players of various kinds interact online and offline. Pooling their wisdom and efforts has made entrepreneurship and innovation more efficient, less costly and faster. The Global Innovation Index 2017 issued by the World Intellectual Property Organization and others a few days ago put China at 22nd place, 13 spots higher from 2013 and topping the middle-income economies. China's entrepreneurship and innovation have delivered benefits to all. The Chinese government has adopted an accommodating and prudent regulatory approach toward new industries, new business forms and models, such as e-commerce, mobile payment and bike-sharing, which have enabled their fast and healthy development. As a result, people's lives are made more convenient and a large number of jobs are created. Of all the new jobs created last year, about 70% were contributed by new growth drivers.
China's ongoing deleveraging battle will continue to focus on easing corporate debt burden, adding debt-to-asset ratio into their performance assessment, while increasing scrutiny over local government and household leverage, according to a senior economist with an international financial group.
China's new regulation on a cybersecurity review system, which aims to promote an orderly, secure and open cyberspace and safeguard national security, will take effect on June 1, according to the country's top internet regulator.
China's lottery sales slumped to 1 million yuan (about 1,442) in February from 27.21 billion yuan in January, data from the Ministry of Finance showed. [Photo/Sipa]
