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China's financial opening up can be seen as part of the country's efforts to honor its commitments to the World Trade Organization, as well as a move that enables it to integrate with global markets, Lin said, adding that the pace was quicker than expected and the progress was "universally recognized."
China's growth was "better than expected and more optimized in structure" in the first six months, featuring improving indicators, increasing jobs, stable prices and a sound balance of international payments, Pan told the Chinese-language Securities Times newspaper.
China's forex reserves stood at .05 trillion at the end of May, an increase of billion from that recorded at the end of April, according to China's forex regulator, the State Administration of Foreign Exchange (SAFE).
China's efforts in easing financial burdens for businesses are paying off, as figures from the National Bureau of Statistics on Monday showed that China's GDP grew 6.9 percent in the first quarter with investment picking up and retail sales rebounding.
China's first unmanned, panda-shaped "Sky Train" rolled off the production line in Ziyang, Southwest China's Sichuan province on Dec 8, 2016. [Photo/Chinanews.com]
