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China will continually develop equity investment to provide medium and long-term financing and mobilize more resources under the Belt and Road Initiative, Chen Yulu, deputy governor of the People's Bank of China, the nation's central bank, said on Wednesday.
China needs to cultivate more professionals with higher quality, promote the spirit of the craftsman and encourage enterprises of various sizes to provide fine products amid efforts to boost the "Made in China" brand, Li said.
China will continue to adopt a prudent and neutral monetary policy and deepen the market-oriented reform of the yuan's exchange rate mechanism. [Photo/IC]
China will also expand effective investment, Li said. An increase of 1.6 trillion yuan (3.6 billion) of local government special purpose bonds, together with the issuance of special treasury bonds for COVID-19 control this year, will support investment in new infrastructure facilities, new types of urbanization, and key projects that contribute to better lives for people.
China plans to further transfer 1.73 trillion yuan (0.8 billion) of existing less-transparent local government debt into bonds by August to strengthen debt management and control potential risks, the Ministry of Finance said on Thursday after reporting financial revenue in 2017 that was higher than expected.
来源：资阳报