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China's quick epidemic response has enabled its economy to outperform other economies, and its prudent monetary policy has remained unchanged during these extraordinary times, the paper said. It dismissed economic performance and policies -- the two major forces shaping the general tendency of bilateral exchange rates -- as reasons behind the yuan's depreciation against the greenback.
China's southwestern municipality of Chongqing, home to more than 3 million registered cars, had the worst traffic congestion among 50 major cities in the second quarter this year, a recent traffic analysis report says.
China, by emphasizing imports and hosting import-centered events, is showing its willingness to take responsibility and solve problems in trade, said a US expert on Monday.
China's plan to ease restrictions on stakes foreign carmakers can own in joint ventures with local partners and reduce automobile import tariffs will encourage competition in the domestic market and benefit consumers, experts said.
China's small and medium-sized banks are in stable operation, and the risks they face are controllable, according to the country's top banking authority.
来源：资阳报