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China's home-sharing market is booming as Chinese consumers have started to pursue high-quality travel and value satisfactory accommodation, which has spurred the explosive growth of home-sharing service providers, experts said.
China's legislature adopted a decision on Saturday to speed up local government bond issuance before the approval of the annual fiscal budget.
China's fiscal deficit increased from 2.18 trillion yuan in 2016 to 2.76 trillion yuan in 2019. This year, it was raised to 3.76 trillion yuan to mitigate the negative effects of the COVID-19 pandemic. The fiscal deficit ratio has risen to 3.6 percent of GDP this year, the highest level since the founding of the People's Republic of China in 1949, according to the ministry.
China's non-manufacturing sector expands faster in September
China's foreign investment law will give more confidence to foreign investors and promote the growth of the economy, according to Maurice Greenberg, chairman and CEO of Starr Companies.