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The effect of intensified policy support has started to show, and recent credit pickup as well as concerted local government efforts to speed up property destocking is bringing indicators such as fixed asset investment back on an uptrend, UBS said.
Fixed asset investment as a whole rose 10.7 percent in Q1, while that from private investors grew by only 5.7 percent, down 7.9 percentage points from the same period last year. Investment from public sources rose 23.3 percent and accounted for one third of the total. Compare this with the past decade when private investment rose consistently, usually by two to three percentage points more than the average.
During their two-hour meeting, the two leaders discussed bilateral ties and how Prague can help strengthen Beijing's relations with both the European Union and the Central and Eastern Europe (CEE) region.Full Story
A more developed market exit mechanism was put in place to help businesses exit the market with more efficiency. Authorized by the State Administration for Industry and Commerce (SAIC), such trials have already started in Pudong in Shanghai, Yancheng in Jiangsu Province, Ningbo in Zhejiang Province and Shenzhen in Guangdong Province. From now on, less documentation is required from enterprises if they want to exit the market, efficiently creating space for new businesses to enter the market.
Zhang made the remarks at a meeting on coordinated pollution control in Beijing, Tianjin, Hebei and peripheral regions.
来源：资阳报