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China's central bank still faces several challenges in monetary policy operations, Zhu Haibin, JPMorgan chief China economist and head of China equity strategy, told China Daily.
China' economy continued its steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.2 trillion yuan (.6 trillion), data from the National Bureau of Statistics showed Monday.
China's banking sector disposed of around 2 trillion yuan (0 billion) in nonperforming loans last year. About 19,200 creditors' committees were set up nationwide, supporting debt-for-equity swaps totaling 1.4 trillion yuan, according to the regulator.
China will improve the protection of intellectual property rights in patent disputes by setting up a national-level IP court. The new court will streamline the appeal process by allowing litigants to bypass top provincial courts, the Supreme People's Court said on Saturday.
China's 18 pilot FTZs attracted 60.25 billion yuan (.6 billion) of foreign direct investment, accounting for 17 percent of the country's total in the first five months of this year, with less than four-thousandths of the nation's land area, according to the ministry data.
来源：资阳报