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China's economic resilience has stemmed from the sustained demand for services and goods, despite the rapid economic growth in recent years. The epidemic won't change these dynamics given China's nascent consumption boom, said Patrick Tsang, CEO of Deloitte China.
China's onshore corporate bond market will most likely be the last to benefit from further opening-up measures in the financial system, which aim to boost foreign capital inflows. The measures may include QFII relaxation and license extension to foreign securities firms and asset managers, as well as potential investment banking and asset management license extensions to select banks, said Xing.
China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have taken an array of measures to reduce the local debt burden.
China's investment in property development rose 3.4 percent year-on-year during the first seven months, compared with a 1.9-percent increase registered in the first half, the NBS data showed.
China's financial sector stood the test of the Asian financial crisis in 1997 and the international financial crisis in 2008;
来源：资阳报