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China's housing inventory was down significantly, and the debt-to-asset ratio for industrial businesses also dropped. Corporate operation costs declined as governments moved to reduce business burden, and investment surged in weak areas including environmental protection and agriculture.
China's outbound direct investment in economies involved in the BRI rose 12 percent year-on-year to .6 billion between January and August this year, according to data from the Beijing-based China Council for the Promotion of International Trade. These countries accounted for 12 percent of China's ODI in 2017.
China's financial regulators have recently strengthened oversight and issued stiffer punishments to remedy shortcomings and promote efficiency.
China's move was in response to the White House announcing earlier Friday it would impose on July 6 25 percent tariffs on about billion of Chinese products on a list that was previously published.
China's financial services sector is seeing acceleration of opening-up, which will likely attract big names in the global securities industry, gradually reshaping the local securities landscape, experts said.
来源：资阳报