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China has started a national defense and military reform in an effort to have a stronger military to better safeguard peace. China's defense budget and new reform measures concerning army building are to receive attention.
China is hoping to develop local chip technology following the blocking of several high-profile deals for foreign chip firms in the United States and Europe over national security concerns.
China is rolling out proactive fiscal policy and supportive monetary policy, the effect of which will gradually unfold, Cheng said. "The Chinese economy is likely to stabilize and rebound in the first quarter of this year, beating market expectations."
China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt restructuring reforms and further strengthen fiscal consolidation, an expert told China Daily.
China is in the global spot-light as it maps out the 14th Five-Year Plan (2021-25), which will set the tone for the country's economic and social development in the coming years.
来源：资阳报