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Chinese President Xi Jinping (L) holds talks with Rwandan President Paul Kagame in Kigali, Rwanda, July 23, 2018. [Photo/Xinhua]
China's structural and institutional reform is harder work than the easy path of printing money. But it's the only way to get real growth and avoid the boom-bust cycles that are disastrous over the long term.

China's tourism industry is shrugging off the economic impact of COVID-19, gradually regaining confidence and adapting to the new normal, industry insiders said.
China's supervisory network reform will boost the country's efforts to fight corruption and thus benefit its economic development, Teddy Kaberuka, an economic analyst in Rwanda, told Xinhua.
China, together with other countries, will push forward the Belt and Road cooperation under the commitment to achieving shared benefits through extensive consultation and joint contribution. As an old Chinese saying goes, "When you eat fruits, forget not the tree they grew on; when you drink water, forget not the source it came from." In the case of China, its development would not have been possible without the outside world, so in return, China will contribute more to global development. At the second Belt and Road Forum for International Cooperation that China will host in 2019, China will work with other interested countries to ensure sustained progress in Belt and Road cooperation, and to translate the principle of extensive consultation, joint contribution and shared benefits into concrete win-win outcomes. China will integrate the Belt and Road cooperation with its reform and opening-up efforts. Our approach is to drive reform and development through opening-up in all respects. China will never shut its doors. If anything, it will only open wider to the outside world. In the coming 15 years, the China market will further grow and expand, with an estimated import of 24 trillion US dollars worth of goods, and inbound and outbound investment of 2 trillion dollars respectively. The first China International Import Expo, scheduled for November in Shanghai, will serve as a new platform for such cooperation.
来源:资阳报