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China's economic growth will not be derailed by deleveraging moves as the government will implement such efforts at the proper pace, according to senior officials with the nation's top economic regulator.
China's efforts are not because of outside pressure but because China is a responsible member of the international community, said Geng.
China's commercial property investment amounted to 53 billion yuan (.68 billion) in the first quarter of 2019, with half coming from cross-border investors, according to a recent report.
China's new energy vehicle industry has boosted investment, employment and tax revenue, and the total investment in the whole auto industry chain has exceeded 2 trillion yuan, Miao Wei, minister of Industry and Information Technology, introduced at a forum held on Saturday.
China's embrace of high-quality development after decades of rapid economic growth has brought challenges as well as opportunities to foreign businesses such as Novozymes, he said.