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China's forex reserves rose for 11 months running to .14 trillion at the end of December last year, as the economy got on a firmer footing and the government stepped up regulation of illegal capital transfers and overseas investment.
China's high growth in the wake of the 2008 financial crash reflected its high economic growth potential and the strong growth momentum helped by its full-fledged entry into the global economic trading system in 2001, but it also reflected the very effective policy response to the shock of the crisis, the expert said.
China's local government debt soared during an investment and construction binge following the global financial crisis in 2008. Well aware of the risks, authorities have rolled out a string of measures to reduce the local debt burden.
China's economy is likely to grow by around 5 to 6 percent in the 2020s, remaining at the medium-pace growth section of the L-shape pattern, a senior researcher at a government think tank said on Thursday.
China's latest semiconductor policies will offer a golden opportunity for the chip industry to pursue high-quality development and motivate companies to achieve breakthroughs in crucial technologies, experts said on Wednesday.
来源：资阳报