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China's national legislature on Friday passed the foreign investment law, which will become effective on Jan 1, 2020. The law aims to improve the transparency of foreign investment policies and ensure domestic and foreign enterprises are subject to a unified set of rules and compete on a level playing field, according to an explanatory document.
China's debt-to-equity swap initiative has appeared to gather pace in recent months, supported by a slew of preferential measures to promote such programs. They aim to help lower debt burdens of enterprises by converting corporate debts into equities to be owned by entities established by the nation's major banks and private capital.
China's economy will remain running within a reasonable range as the country's industrial restructuring and upgrade as well as opening-up continued apace. [Photo/VCG]
China's consumer inflation eased for a second straight month, dragged down by lower food prices. Analysts said consumer inflation would continue to be stable this year despite the recent spike in international oil prices.
China's economy is showing signs of resilience and recovery while the global economy is seriously hit by the COVID-19 pandemic, a senior official from the United Nations said. Liu Zhenmin, UN undersecretary-general for economic and social affairs, also called for synchronous economic recovery among countries supported by international coordination.
来源：资阳报