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China will remain firmly committed to continuing economic opening-up and broadly deepening financial reforms, including renminbi exchange rate liberalization, despite the ongoing trade tensions, according to the country's top foreign exchange regulator on Monday.
China will devote more resources to producing high-value and influential brands and patents, and participating in the global governance of intellectual property to help it become more inclusive, balanced and efficient, he said.
China's GDP growth for 2017 may stay at 6.9 percent, thanks to favorable internal and external conditions despite the cool-off in the real estate sector and ongoing environmental protection measures, economists said.
China's central bank, or the People's Bank of China, announced on Friday to cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.
China will put in place a housing system that ensures supply through multiple sources and encourages both purchases and rental, according to the annual Central Economic Work Conference last month.
来源：资阳报