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China's civil aviation regulator has temporarily stopped issuing airworthiness certificates for Boeing 737 Max 8s because of safety concerns, a move an expert said will bring huge economic losses to Boeing.
China's outbound tourism boom is expected to remain the biggest force in the global travel market over the next decade, with Chinese tourist spending anticipated to reach 5.4 billion in 2025 from 7 billion in 2015, according to global economic think-tank Oxford Economics.
China's economic fundamentals, he said, are sound and its financial risks are generally controllable. "The Chinese economy has entered a phase of high-quality development, with a stable international balance of payment and generally balanced cross-border capital flow."
China's factory and service sector activities expanded in June as the economy continued to recover from the shocks generated by the COVID-19 pandemic, data from the National Bureau of Statistics showed on Tuesday.
China's non-financial outbound direct investment surged 24.1 percent year-on-year in the first quarter this year, as stringent controls have reined in domestic companies' irrational buying spree, the Ministry of Commerce said.
来源：资阳报