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China's interest rate reform, which started in the 1990s, seeks to build an interest rate regime determined by the market, to replace the existing system in which the central bank can set the interest rates via administrative orders.
China's investment in Hungary is also growing steadily. Hungary is China's largest investment destination in Central and Eastern Europe. Chinese investment in Hungary covers various industries such as chemical, financial, telecommunications, new energy, automotive and logistics.
China's economy bounced back to growth in the second quarter (Q2) this year as the country gradually resumed work and production after effectively containing the COVID-19 epidemic.
China's online shopping extravaganza, Singles Day, that ran from Nov 1-11, set a new record this year, with sales on Alibaba's Tmall totaling 498.2 billion yuan (.1 billion). The popular items snapped up this year were more than just lingerie, shoes and hair dryers.
China's development demands constant innovation and creative solutions, with higher technical requirements than other places in the world, Didi's Cheng said, noting that China's models are being copied by startups in other countries.
来源：资阳报