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Apart from the tax and fee cut policies the authorities have rolled out, Tang expected increased government expenditure and infrastructure investment, especially in sectors of public health and new technologies such as 5G.
Another key driver of domestic consumption and economic growth is China's urbanization, which could give rise to stronger demand for production materials such as steel and cement, he said.
Aon's report noted that 2017 and 2018 were the costliest back-to-back years on record for both economic losses solely due to weather-related events (3 billion), and for insured losses covering all perils (7 billion).
Ankai's latest annual report released in March shows that it sold 8,718 buses in 2017, which was 14 percent less than the previous year. "But rapid growth was seen in exports in recent years, partly thanks to the Belt and Road Initiative," Dai said.
Answering a question from people.com.cn about the budget, he said that the 2017 national medical expense budget is 1.4 trillion yuan (3.6 billion), which is 4.4 times that for 2008. More importantly, medical expenses now account for 7.2 percent of the national budget, compared with the 5 percent for 2008.
来源：资阳报