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Despite the restructuring pains, the economy is also under stress from ongoing campaigns - ranging from cutting excess capacity, containing leverage and asset bubbles to shutting polluting factories, as the government attempts to sacrifice short-term growth for longer-term development.
Despite trade tensions between China and the US, Chinese companies have been eager to list on American markets. Chinese IPOs in the US accounted for about a fifth of US IPO proceeds in the first quarter this year, according to Renaissance Capital, a research firm based in Connecticut.
Dominguez earlier said the government is exploring hybrid financing arrangements that will combine development aid and loan to range more funds for its big-ticket infrastructure projects while keeping down borrowing costs.
Despite the seemingly fast rebound, the US economy in the third quarter was down by 2.9 percent compared with that a year ago, according to the advance estimate released by the department's Bureau of Economic Analysis.
Despite the unexpected public health crisis, China's foreign trade is likely to recover in the second quarter and pick up steadily in the third quarter, said Wei Jianguo, former vice-minister of commerce.
来源：资阳报