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China's recovery "is probably the most positive factor for the world economy and also for Asia," said Rajiv Biswas, executive director and Asia-Pacific chief economist at consulting firm IHS Markit. The world's second-largest economy "is a huge market for exports for most of the other Asian countries, and also for Australia and for New Zealand."
China's shadow banking assets showed their first increase in two-and-a-half years during the first quarter of this year, said a recent research report from Moody's Investors Service, a global credit ratings agency. "A rapid rebound is unlikely as financial systemic stability is still a key priority for the authorities," said Michael Taylor, managing director of Moody's.
China's policy makers emphasized the hardline stance on financial risk control at a tone-setting meeting last month. The regulation on online lending and other tech-enabled finance is expected to be a significant part of the new approach.
China-Europe freight trains have contributed to international cooperation on epidemic prevention and maintained the stability of the supply chain of countries along the Belt and Road, said Xu.
China's promotion of the Belt and Road Initiative will also help promote poverty reduction. Relevant studies have shown that the improvement of infrastructure in developing countries plays an important role in reducing poverty, increasing employment, and improving people's living standards.
来源：资阳报