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Chinese local governments need new debt instruments to melt down bad loans and raise fund for infrastructures, said a famous economist on Friday.
Chinese economists saw financial opening-up as an opportunity to develop the local service sector, but it also requires high-standard regulatory measures to prevent potential market vulnerability.
Chinese commercial giant Suning said orders within the first hour on Nov 11 increased 89 percent compared with same period last year, with sales of intelligent digital products skyrocketing 288 percent year-on-year.
Chinese entrepreneurs have been joining hands with the Beijing-based Chinese People's Association for Friendship with Foreign Countries to support the global battle against COVID-19.
Chinese lenders recorded net foreign exchange sales of .1 billion in the first quarter, down 50 percent from the deficit during the same period last year, the State Administration of Foreign Exchange said on Thursday.
来源：资阳报