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China's home-sharing market is surging, thanks to the fast-growing middle class and increasing popularity of home-stays as a novel form of accommodation.
China's current account surplus was 1.549 percent of GDP in the first quarter of this year, after having fallen to a deficit of 1.095 percent of GDP in the same period last year. This roughly balanced global current account is further evidence that the value of the yuan is at the level that would be determined by markets.
China's first local government bond issuance for this year debuted this week, the earliest such issuance since 2015 and a month earlier than last year, with analysts signaling that policymakers are more determined than ever to spur economic growth through more investments.
China's foreign trade volume jumped 9.9 percent year-on-year to 22.28 trillion yuan in the first three quarters of this year, data from the General Administration of Customs show.
China's new economic development strategy requires the government to improve fiscal policy, promote tax reform, make government spending more efficient and prevent financial risks, according to a senior finance expert.
来源：资阳报