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China still has room for monetary policy expansion as the country's interest rates are not as low as they are in advanced economies, Zhou Xiaochuan, former central bank governor, said on Thursday.
China kicked off a reform on April 27 to fast track IPOs on the ChiNext, which will replace its approval-based IPO system with a registration-based one to better cultivate new industry startups and bolster the real economy.
China plans to lift at least 10 million people out of poverty this year, according to the annual government work report made by Premier Li Keqiang. The country will put more effort into developing local industry, education and healthcare, according to the report.
China maintained a balance in cross-border trade and investment in the first three quarters, indicated by a 3.2 billion surplus in the current account and .7 billion net inflows of foreign direct investment, the State Administration of Foreign Exchange reported on Friday.
China must pay close attention to the spreading of risks arising from cross-sector and cross-market financial innovation, tighten regulation and strengthen coordination to mitigate potential systemic risks, said an official of the China Banking and Insurance Regulatory Commission.
来源：资阳报