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China's monetary authority eased liquidity tensions in the banking system when the innovative capital injection measures took effect on Wednesday, which will not change the regulator's determination in the long-term goal of financial deleveraging in a tightening regulatory environment.
China's domestic semiconductor sector is entering a golden age for development, as the upcoming large-scale rollout of 5G networks and local Chinese tech giants' push to cultivate local chip suppliers combine to inject a new vitality into the industry, experts and business executives said.
China's economy expanded at an average rate of 9.5 percent over the last 40 years, far beyond the world economy's 2.9 percent in the same period. And its GDP rose from 367.9 billion yuan in 1978 to 82.71 trillion yuan in 2017.
China's healthcare market is expected to grow exponentially due to rising demand on the back of increasing rates of chronic diseases and the healthcare sector's breakneck development pace.
China's financial sector is striving to solve the financing difficulties of private enterprises and reducing their costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.