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As investment rates were significantly higher in China than in other countries, many economists believed that China had been relying too much on investment to drive economic growth, which not only generated overcapacity, but also a high leverage ratio in the corporate sector. Based on this premise, China's economic downturn could be blamed on excess aggregate supply, rather than insufficient aggregate demand, hence the need to cut overcapacity and deleverage.
As one of the earliest Chinese companies operating in Sri Lanka, CMEC is keen on local public welfare while undertaking important construction projects. Whenever there is a natural disaster in Sri Lanka, CMEC is always the first foreign company to donate relief supplies to the affected people, Yang said.
As of Friday, HKMA has already bought about HK billion from the foreign exchange market since its first intervention, leaving the surplus in the banking system at HK8.52 billion on Thursday.
As of late March, 98.6 percent of the large-scale businesses in China had resumed operations with 89.9 percent of their employees returning to work. Over 76 percent of small and medium enterprises had resumed operations, according to the Ministry of Industry and Information Technology.
As indicated by the CIIE logo, China takes the initiative to open the door which connects China to the world, the door of global trade, as well as the door of friendship among all people by holding the event in Shanghai.
来源：资阳报