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China has called for new infrastructure development, including 5G, artificial intelligence and the industrial internet to offset the economic impact of the pandemic and boost sustainable growth.
China expects to achieve integration of public transport cards in urban and rural areas by 2020 as a part of its nationwide interconnectivity plan.
China has decided to set up a new bond financing support vehicle to help finance private enterprises and ease their dilemma in getting loans, a move that experts said would stabilize market expectations and confidence.
China has been stepping up its reform and opening-up drive, including passing the new Foreign Investment Law last month, reducing tariffs and improving the investment environment, as reflected in it being ranked 46th in 2018－from 78th position in 2017－among 190 economies in terms of ease of doing business, according to the World Bank.
China has been "cautious "against excessive monetary easing this year to strike a balance between stabilizing the economy and preventing risks, paving the way for sustainable development amid protracted uncertainties, said a senior economist.
