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China's financial sector has also made a landmark move as Bank of Beijing agreed to set up a joint venture with ING Bank NV, a wholly owned subsidiary of Dutch multinational banking and financial services provider ING Group in late March, with the latter as the controlling shareholder.
China's efforts to expedite the rollout of new infrastructure including 5G, artificial intelligence and the industrial internet will lay a sound digital foundation for high-quality growth and upgrading the nation's sprawling manufacturing industry, legislators and political advisers said.
China's economy delivered a solid start to the year with above-target growth. Its GDP expanded 6.8 percent year-on-year in the first quarter, unchanged from the previous quarter.
China's equity market regulators have stepped up the pace of introducing rules aimed at encouraging individual investors to finance development of residential leasing properties, a move that analysts said will be greatly helpful to long-term growth of the sector.
China's economic growth is facing increasing uncertainties as the novel coronavirus outbreak has become a global pandemic. Economists urged that government policy focus in the coming months should be on containing the risk of rising unemployment and preventing temporary shocks caused by the pandemic from becoming permanent damage.
来源：资阳报