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China's new growth engines have been an important power behind the country's stable economic growth, as they have offset shocks from dwindling traditional growth engines, according to a post on the National Bureau of Statistics website Friday.
China's financial openness will continue to facilitate the renminbi's market function. China has made tremendous efforts to relax restrictions on capital account transactions in the past. The most recent moves include eliminating quota ceilings for QFIIs (qualified foreign institutional investors) and QDIIs (qualified domestic institutional investors) and opening ownership for foreigners.
China's national weather observatory issued a blue alert on Sunday, the lowest in a four-tier weather warning system, for rainstorms in the central and eastern parts of the country in coming days, after recent floods in Guangdong province brought direct economic losses of 39 million yuan (.7 million).
China's non-financial outbound direct investment (ODI) to countries involved in the Belt and Road Initiative totaled .4 billion last year, 12 percent of the total ODI, up from 8.5 percent in 2016.
China's exponential economic growth took place after 2000 because of its admission to the World Trade Organization (WTO), and because of the changes to policies that once curbed urbanization, especially the strategy of big city development defined in the 11th Five-Year Plan, the professor said.
来源：资阳报