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China's macro policies this year will consist of a prudent monetary policy featuring countercyclical adjustments and strengthened support for private and small businesses, as well as a proactive fiscal policy prioritizing cuts in taxes and fees, authorities said during the ongoing two sessions.
China's forex reserves rose for 11 months running to .14 trillion at the end of December last year, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment.
China's nonfinancial outbound direct investment in economies involved in the Belt and Road Initiative also surged 29.7 percent on a yearly basis to .02 billion in the first three quarters, helping sustain confidence in these markets to support their long-term economic growth, said the ministry.
China's negotiating with participating countries for more bilateral free-trade agreements will help address the current downturn of the globalization process, the professor added.
China's opening up to the outside world is seen by those close to China as one of the momentous events in world history, eventually delivering 700 million people out of poverty.
来源：资阳报