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"Customers will see more luxury automakers following suit. It's essentially a reaction to the lowered VAT rate," said Ron Zheng, a Shanghai-based partner with consultancy Roland Berger.
"Continuing the move toward a more market-based and transparent monetary policy framework is a key element in ensuring an orderly transition to an effective float, which may also require use of foreign exchange reserves to smooth excessive volatility," suggested the IMF, proving that China's foreign exchange reserves are sufficient.

"China's economy has shifted from a high-speed growth stage to a high-quality development stage. Promoting green development, establishing a sound economic system with green and low-carbon recycling, as well as strengthening energy saving, and environmental protection and clean energy industries are the future trend, which offer great opportunities for the development of natural gas industry," said Cai Fang, deputy head of CASS.
"China's healthcare market is big, and enterprises have high manufacturing abilities. However, China's innovation capability needs to be improved. Through the forum, we hope to introduce good healthcare projects from abroad, to boost international cooperation."
"China's Belt and Road Initiative expands links between Asia, Africa and Europe and thus reduces imbalances in national development and promotes economic growth," he said.
来源:资阳报