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China's campaign to eliminate overcapacity has started to pay dividends and that will contribute a lot to the country's economic improvement, said Erik Lundh, a senior economist at The Conference Board.
China will reduce the risks of internet finance and peer-to-peer lending. [Photo/VCG]
China's WTO accession commitments faithfully fulfilled
China will refrain from competitive currency devaluation, and while maintaining the basic stability of the RMB against a basket of currencies, the Chinese government will also work to ensure the RMB exchange rate against the US dollar will float in both directions in a more flexible way, the report said.
China will reduce real interest rates on loans for micro and small businesses and increase lending to the manufacturing industry to boost innovation and support the real economy, the State Council's executive meeting, chaired by Premier Li Keqiang decided on Wednesday.
来源：资阳报