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China's western region continued to be the bright spot of the economy, as the robust first-quarter indicators signaled its remarkable resilience and speedy recovery despite the COVID-19 epidemic, experts said on Wednesday.
Chinese President Xi Jinping (R) and Indian Prime Minister Narendra Modi visit an exhibition of cultural relics at Hubei Provincial Museum in Wuhan, capital of Central China's Hubei province, April 27, 2018. [Photo/Xinhua]
China's real income per capita increased 16-fold from 1978 to 2014, while the extreme poverty rate fell from 88.3 percent in 1981 to 1.9 percent in 2013, a shift in status and lifestyle for more than 850 million people.
China's plan to ease restrictions on stakes foreign carmakers can own in joint ventures with local partners and reduce automobile import tariffs will encourage competition in the domestic market and benefit consumers, experts said.
China's private investment contracted 7.3 percent in the first half of this year. The decrease narrowed 2.3 percentage points from that in the January-May period, but was still 4.2 percentage points down when compared with the fixed-asset investment growth.
来源：资阳报