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Consumption has become a major pillar of the Chinese economy and the country is expected to increase support for consumption of services, such as health, education, culture, sports and entertainment to boost growth, Liang added.
Covering a market of 2.27 billion people and a combined GDP of .2 trillion, the RCEP signatories, which account for about one-third of the world's economy, will become a large integrated market.
Continued and scrupulous reforms have been carried on in the A-share market, which are best represented by the technology-heavy STAR Market launched at the Shanghai Stock Exchange, as well as the registration-based IPO mechanism, which was first experimented at the STAR Market and now promoted to the technology-focused ChiNext on the Shenzhen bourse. These two boards have shown rapid growth during the last 12 months, he said.
Contact the writer at hengweili@chinadailyusa.com
Courts at all levels accepted a total of 334,951 IPR cases in 2018, up by 41.2 percent from the previous year, according to the court, which released the white paper - Intellectual Property Protection by Chinese Courts in 2018 - in Hefei, Anhui province.
