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"Cutting off the direct financing relationship between the fiscal department and the central bank, and preventing the monetization of fiscal deficit, are the basic principles for the bank credit and monetary system. Once this principle is abandoned, the system will collapse," said Sun.

"Demand in the construction industry has basically recovered to last year's level driven by new and resumed projects," said Xu Xiangchun, an analyst with mysteel.com.

"Everyone always asked me what is the future of US-China relations, and the answer is very simple, it depends on you (people)," said Stephen Orlins, president of the National Committee on US-China Relations.

"Due to the COVID-19 travel restrictions, there is significant growing demand for imported goods among Chinese consumers," Liu told an event kicking off the Double 11 campaign for foreign merchants. "International brands need a trusted channel for reaching Chinese consumers, while domestic shoppers are looking for ways to buy more quality products from abroad."

"Even though it is still at an early stage, central SOEs will face issues including monopoly and the placement of employees during the process of mixed ownership reform. But as these enterprises are all strong and competitive, they have the ability to solve problems such as employee placement," said Li Jin, chief researcher at the China Enterprise Research Institute.