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China has shifted away from a relatively loose monetary policy that helped growth over the past years, gradually guided interbank lending rates higher and tightened supervision on non-performing assets, shadow banking and local government financing.
China is ready to roll out policies to advance the reform and opening-up of National High-Tech Industrial Development Zones to boost high-quality development, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
China is also forecast to have 450 million 5G connections by 2025, the most worldwide. It will be driven by significant operator investment and growing enthusiasm among consumers and enterprises, GSMA said.
China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt restructuring reforms and further strengthen fiscal consolidation, an expert told China Daily.
China implemented a number of medical reforms last year, including the introduction of a zero-tariff policy on imported anti-cancer medicines in April, and a 1 percentage point reduction in the VAT rate for the pharmaceutical sector in May.
来源：资阳报