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China's non-financial outbound direct investment surged 24.1 percent year-on-year in the first quarter this year, as stringent controls have reined in domestic companies' irrational buying spree, the Ministry of Commerce said.
China's economy faces relatively heavy pressure due to difficulties and challenges caused by the intertwined structural, institutional and cyclical problems, which have been compounded by the COVID-19 outbreak, Xi said while joining political advisers from the economic sector at a panel discussion during the third session of the 13th National Committee of the Chinese People's Political Consultative Conference.
China's monetary authority listed steady progress to achieve completely free use of the yuan in cross-border capital investment as one of its priorities this year, based on further market-oriented exchange rate reform, said a statement released on the central bank's website on Tuesday.
China's major real estate developers are racing to open more rental apartments in the Guangdong-Hong Kong-Macao Greater Bay Area, but industry insiders warned of oversupply.
China's outbound direct investment in 159 countries and regions stood at 493.09 billion yuan ( billion) for the first eight months of 2019, up 2.7 percent year on year according to the Ministry of Commerce.
来源：资阳报