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China's trade flows recovered markedly in 2017, with tighter enforcement of capital flow management which "helped ease capital outflows and exchange rate pressures and reverse a reduction in foreign reserves," WB said in its report "Global Economic Prospects" published Tuesday evening.
China's reform measures over the past several years highlight the country's holistic approach in addressing institutional obstacles and obstruction and promoting policy innovation.
Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China, March 30, 2016. [Photo/Agencies]
China's payments of licensing fees and royalties for the use of foreign technology have soared in recent years, reaching almost billion last year, nearly a fourfold increase over the last decade, Lardy wrote on the Peterson Institute website last Friday.
Chinese Ambassador to Greece Zhang Qiyue (L) and Greek Alternate Migration and Asylum Minister Giorgos Koumoutsakos pose for a photo at the donation handover ceremony in Athens, Greece, on April 22, 2020. [Photo/Xinhua]
来源：资阳报