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China ramped up multiple financial measures, including credit easing and liquidity injection, to stabilize the economy, prevent shocks caused by the novel coronavirus outbreak and support companies hit by the pandemic, the central bank and other financial regulators said on Saturday.
China registered the first quarterly current account deficit in 17 years in this year's first quarter. Such a deficit is when imports exceed exports. The deficit was .2 billion, compared with a surplus of .4 billion a year ago. But the market seems to have fewer concerns over China than other emerging markets. This is because of China's stable macroeconomic conditions and its record of successful control of capital flight, although Sino-US trade tensions may increase uncertainties in the financial sector, according to economists.
China was the biggest driver of the global smartphone shipment decline in Q1, which posted a 2.9-percent year-on-year drop to 334.3 million, according to preliminary data from global market researcher International Data Corporation (IDC).
China will consider establishing a policy-based financial institution for residential housing to cater to the country's relatively resilient housing demand, according to the top economic regulator.
China launched Venezuela's second remote-sensing satellite, VRSS-2, into space on Monday.
来源：资阳报