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China's economic growth held steady in the first half of 2019 despite headwinds, as positive factors are increasing to support high-quality development, the country's top economic regulator said on Tuesday.
China's economy ended on strong footing with a better-than-expected growth rate of 6.9 percent in 2017. Official data showed an improved economic structure, with new growth drivers emerging and outdated capacity fading.
China's market regulator said on Friday that online discounter Pinduoduo should strengthen platform management and regulate business activities of third-party vendors to maintain fair competition.
China's economy bounced back to growth in the second quarter this year. Macro policies, including tax and employment-oriented policies, have rendered effective support to economic recovery, Guo said, adding monetary and fiscal policy also played an important role.
China's listed banks' net profits continued to grow in 2016, but they will face increasing pressure to maintain this growth, according to a report issued by PricewaterhouseCoopers on Monday.
