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China's credit growth surged unexpectedly to a record pace in January, strengthening production in the real economy and easing overall downward pressure, People's Bank of China, the country's central bank, said on Friday.
China's money market fund sector, already the second largest globally, has ballooned in recent years as people sought to invest their savings in higher-return, but relatively safe, products.
China's economic development contributes more than 30 percent of global economic growth, which will generate a spillover effect. Through international cooperation mechanisms such as the Belt and Road Initiative, China will share its economic benefits with other countries and regions.
China's housing market is a concern to the outside world, and Lundh said the government has taken several administrative steps to get housing-price growth under control.
China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.15 trillion yuan (.6 trillion), data from the National Bureau of Statistics (NBS) showed.
