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China's GDP grew by 4.9 percent year-on-year in the third quarter, faster than the 3.2 percent growth between April and June, suggesting "a rapid return to the pre-COVID trend", according to US economist Stephen Roach, also former chairman of Morgan Stanley Asia.
China will staunchly uphold multilateralism in implementing the Paris Agreement, said Zhao, making the remarks before the 25th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change.
China's central bank, the People's Bank of China, took action late on Wednesday to lower the credit evaluation standards for financial institutions. The measure will allow more of them to deposit less funds in the central bank as reserve requirements, according to a statement on the PBOC's website.
China will keep its door open to European investors and expects the EU side to do the same, he added.
China will speed up the strategic reorganization of its centrally-administered State-owned enterprises to gather State capital in key industries that are vital to national security and economy, during the 14th Five-Year Plan (2021-25) period, a senior government official said on Tuesday.
