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China's leadership offers solid backing and policy support for the internet industry and sharing economy. A big positive in this regard is the Chinese government's rich experience in formulating industry-friendly policy. This offers a strong reference point. Governments the world over should learn from it.
China's overall debt level rose 2.7 percentage points in 2017 to 250.3 percent of gross domestic product due to the impact from China's supply-side reforms, improving economy and corporate profits, the central bank has said.
China's firm steps in financial opening-up will also act as a force against de-globalization, which has gained some popularity amid the global COVID-19 pandemic, and therefore contribute to global economic stability, Zhang said.
China's new yuan loans stood at 1.45 trillion yuan (1 billion) in July, up 627.8 billion yuan from a year ago, data from the central bank showed.
China's interest rate reform, which started in the 1990s, seeks to build an interest rate regime determined by the market, to replace the existing system in which the central bank can set the interest rates via administrative orders.
来源：资阳报