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China's benchmark prices for spot interbank gold transactions are lower Wednesday. [Photo/Sipa]
China will seek a balance between stable growth and risk prevention in the second half of the year, a senior official said on Thursday, indicating that the country is willing to tolerate slower growth to push reforms and curb systemic financial risks.
China's GDP in the first quarter contracted by 6.8 percent from a year earlier, according to the National Bureau of Statistics.
China's A-share market was the highest performing stock market in the world in 2019, rising 31 percent compared to 22.3 percent for the US' S&P 500 index, 8.5 percent for the UK's FTSE 100 and 11.5 percent for Japan's Topix index－though, of course, past performance does not promise future performance in any of these markets. And, the A-share market suffered large losses in 2018. The huge 2019 rise in the A-share market is especially impressive in the face of trade frictions with the US.
China will increase support for preschool education and intensify supervision on child-care institutes, according to the report delivered by Premier Li Keqiang Monday at the first session of the 13th National People's Congress, China's top legislature.
