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China will facilitate emerging consumption models, represented by online shopping, and will remove institutional barriers for the industry's growth and revive pent-up demand amid the epidemic control efforts, said Ha Zengyou, a senior official with the National Development and Reform Commission.
China will reinforce regulations on public-private partnership projects as part of its efforts to prevent illegal borrowing by local governments, according to a senior official with the nation's top economic regulator.
China will remain a competitive supply chain choice for foreign firms as it has a broad spectrum of strong upstream suppliers and downstream clients, said government officials and business leaders.
China will escape the so-called middle-income trap that many emerging countries have fallen into, moving beyond it to become the world's largest economy within a decade, according to experts.
China's banking and insurance regulator urged relevant financial institutions to take multiple measures to dispose of and mitigate the risk of banks' nonperforming assets, in addition to classifying bank loans strictly according to their inherent risks as "pass, special-mention, substandard, doubtful and loss" to truly reflect their risk level, Xiao Yuanqi, chief risk officer and spokesperson of the China Banking and Insurance Regulatory Commission, said at a news conference on Oct 21.
来源：资阳报