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China's interbank treasury bond index in net price opened higher at 985.6 points Tuesday. [Photo/Sipa]
China's crude oil demand will surge next year, as the nation's economic activity recovers strongly following the COVID-19 outbreak, according to the Organization of the Petroleum Exporting Countries.
China's financial regulators started a de-risking and deleveraging campaign in mid-2017, and formed a basic "action plan" in 2018, focusing on controlling the macro leverage level, the overall debt-to-GDP ratio and shadow banking activities.
China's economy is projected to reverse the first quarter's contraction and gain more growth momentum in the April-to-June period, mainly driven by accelerated fixed-asset investment and a moderate rebound of consumer spending, according to Wang Xin, head of the PBOC's research bureau.
China's current account surplus declined to 1.7 percent of GDP in 2016, falling substantially from its peak of about 10 percent of GDP in 2007, according to the IMF.
