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China's GDP expanded 6.9 percent year on year in the first quarter, up from the 6.8-percent growth of the previous quarter and 6.7 percent in 2016.
China will rely on credit-supply expansions to mitigate the fallout from the novel coronavirus outbreak and not fall into any liquidity traps, while the rest of the world swings to a debt-driven growth model, analysts said on Monday.
China will continue to support the multilateral governance system, especially under the framework of the Group of 20 to facilitate inclusive growth, innovation and cross-border infrastructure investments, said the former deputy minister.
China will push "targeted integration" in its centrally administered State-owned enterprises this year to improve their efficiency and encourage qualified SOEs to go public, the country's top State assets regulator said on Wednesday.
China's central bank cut the benchmark lending rate by 0.2 percentage points on Monday, the largest decline since the new rate was set in August 2019, to lower financing costs and offset downward pressures from the coronavirus pandemic.
来源：资阳报