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China is building a socialist market economy through progressive reforms, according to Justin Lin Yifu, a professor at Peking University and former World Bank chief economist.
China is glad to see that bilateral trade volume has seen substantial increases, defying the global trend of sluggish trade and investment, he noted.
China has pre-approved a total of 2.29 trillion yuan (3 billion) worth of local government special bonds mainly to fund infrastructure projects and create demand. The market expects that the total quota of the year, which is to be unveiled at the upcoming annual gathering of the nation's top legislature, may reach 3.5 trillion yuan or more.
China is expected to have a good harvest this year, with total grain production expected to remain at 650 million metric tons for the sixth consecutive year, despite the impact of COVID-19 and flooding in some areas, according to the Ministry of Agriculture and Rural Affairs.
China is expected to come out with new regulations on foreign debt issuance, including curbs and blacklisting of companies with inappropriate borrowing demands, according to officials familiar with the matter, who did not want to be named.
来源：资阳报