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As the trade tensions have escalated after the United States imposed hefty additional tariffs on a large amount of Chinese goods, enterprises in China need to rethink the shifting of value chains and the consequences, the economist said.
As private firms are important builders of socialism with Chinese characteristics, the country will unveil more policies to push for the steady development of those firms, the statement said.

As time goes on, Qiu has realized the job is not as simple as picking up and delivering food.
As the initiative is poised to lead to investments into infrastructure projects of trillion along the New Silk Road within the next 15 years, "this masterplan is an opportunity for Arab sovereign wealth funds to invest in the new epicenter of the global economy," Saidi said.
As the US dollar is still facing depreciation pressure, Sheng said the COVID-19 epidemic recovery offers an opportunity to accelerate yuan internationalization as several foreign investors are searching for financial products with steady value to avoid foreign exchange fluctuations. China, one of the countries that has controlled the pandemic at an early stage, has shown resilience in its economic recovery and the same will help strengthen its currency, he said.
来源:资阳报