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As the country extended the Lunar New Year holiday and delayed work resumption to contain the virus spread, production hours of industrial firms significantly dropped in February. Production capacity had not returned to normal by the end of last month, he said. Apart from this, the additional costs for epidemic control and falling prices of industrial products put pressure on industrial profits.
As the old saying goes, "Do not throw the baby out with the bathwater". The WTO, though not perfect, must not be abandoned. China supports an open, transparent, inclusive and non-discriminatory multilateral trade regime, and the necessary reform of the WTO. Such reform should be a step-by-step process that accommodates the concerns and meets the aspirations of the majority of WTO members, and safeguards their rights and interests, especially those of the developing members. Moreover, the outcome of such reform must be based on the consensus of the WTO members.
As the central bank has taken a pause in monetary easing, fiscal policy should remain proactive to stabilize economic growth and ensure the recent rebound is not just a seasonal fluke, said economists.
As the size and development dividends of the Chinese capital market cannot be overlooked, adding A-shares to the MSCI portfolio will help China further push forward its financial reforms and in return benefit the world by delivering more Chinese dividends.
As the only municipality in western China, the traditional industrial hub, located at the intersection of the Belt and Road Initiative's trade route and the Yangtze River Economic Zone, has witnessed fast and steady economic growth in recent years and led the country's GDP growth rate table for two consecutive years in 2014 and 2015.
来源：资阳报