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China's fiscal policies have played an increasingly proactive role in both pandemic control and economic recovery, and the monetary policy measures have helped to ensure sufficient liquidity in the financial system. The support for micro and small enterprises has been innovative and significant, helping to cushion job losses, according to Poonpatpibul.
China's expenditure on digital transformation is estimated to reach .5 trillion in the 2021-2024 period, with an average annual growth rate of 17 percent, the IDC said.
China's monetary policy in 2017 is set to be "prudent and neutral," keeping appropriate liquidity levels and avoiding large injections.
China's direct investment in the continent has reached 0 billion, and more than 3,700 Chinese enterprises have invested and operated in Africa, he said.
China's consumer inflation will further ease in the rest of the year, providing policy opportunities for Beijing to cement the country's nascent recovery in market demand, experts said on Wednesday.
