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China does not want nor need to depreciate its currency to gain export competitiveness, and the PBOC's moves to inject liquidity into the forex market aim to avoid irrational depreciation and market panic, Pan Gongsheng, head of SAFE, wrote in the latest edition of China Finance, a leading industry magazine managed by the central bank.
China has a relatively low level of nonperforming loans, compared with some other countries, so the regulators will have more room to adjust the policies, Fan said.
China has not only benefited from economic globalization but also contributed to the process, Xi said, adding that China's economy has contributed to more than 30 percent of global growth.
China has deployed a series of fiscal policies, such as easing the tax burden on firms in the most vulnerable regions and sectors, including transportation, tourism, and hotels. The tax authorities have also offered tax extensions to cash-strapped businesses, and allowed for a temporary suspension of social security contributions for firms.
China has become an increasingly important player in global property markets. According to Real Capital Analytics (RCA), outbound Chinese real estate investment reached an all-time high of .5 billion in 2017, which represents a sevenfold increase from 2012 and an 8 percent rise year-on-year.
来源：资阳报