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China's development is a robust model that benefits governments, businesses and communities, PwC Asia-Pacific chairman says
China's economy may return to the expansion mode from the second quarter after a sharp contraction in the first quarter, and the country's policies will remain supportive for the rest of the year to help the economy advance steadily out of the COVID-19 pandemic, experts said.
China's foreign exchange reserves rose to a six-month high of nearly .11 trillion by the end of December, supported by stronger exports and stable capital inflows amid the financial opening up , according to data released by the foreign exchange regulator on Tuesday.
China's foreign exchange reserves fell for the second consecutive month in March to .06 trillion, amid global capital market shocks hit by the spread of the novel coronavirus, the nation's foreign exchange regulator, the State Administration of Foreign Exchange, reported on Tuesday.
China's move shows that the country is deploying resources to help its manufacturers to ease the impact from the US irrational trade policies and guide domestic companies to seek new import channels from global markets such as Germany, Brazil and South Korea for different products, said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation.
来源：资阳报