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China will foster new growth models of the platform economy, promote the development of the "internet plus service industry "and encourage social capitals to invest in sectors like medicare, education and tourism. [Photo/IC]
China's bond issuance is expected to account for 72 percent of a total of 5.6 billion in Asia next year, said Samantha Xie, China head of debt capital markets at JPMorgan Chase & Co.
China will increasingly rely on longer-term and special-purpose government bonds to finance construction and stabilize the economy, preventing the GDP growth rate slowing to a multi-decade low in the second half of this year, said economists.
China's adoption of high-end development has a global dimension as China is pushing manufacturing as well as finance towards digitization, said Hans Hendrischke, chair of the business and economics cluster of the China Studies Center based in the University of Sydney.
China's Ministry of Commerce said Thursday that the two sides will resume senior-level trade talks in Washington DC in October, raising hopes of an end to the tit-for-tat trade war that continues to unnerve the global economy. The US stock market rallied Thursday in response.
