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Zhou said the People's Bank of China, or the central bank, will support the development of cross-border exchange-traded fund products, as well as expand the investment scale for qualified foreign institutional investors (QFIIs) and yuan-based QFIIs.
"The move reflects that the Chinese economy fell into unstable conditions and timely adjustments in monetary policies are needed," said Wu Xiaoqiu, an economist at Renmin University of China.
China will not develop its military strength beyond national security demands and economic capability, and will not conduct an arms race with any country, Geng said.
Under the laws and conditions of other countries, accounting firms should be established by CPAs rather than by institutions. The current law is thought not to tally with the localization strategy of internationally renowned accounting firms.
Hu also said that information technology should be further applied, and that the country needs to consolidate industries so as to prevent "blind expansion" and unnecessary construction.
来源：资阳报