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China's central bank still faces several challenges in monetary policy operations, Zhu Haibin, JPMorgan chief China economist and head of China equity strategy, told China Daily.
China will further refine the business environment at its ports and boost cross-border trade, according to a work plan issued by the State Council on Oct 19.
China will launch pilot programs in 13 major cities, including Beijing, Shanghai and Guangzhou, to build rental housing on rural land, authorities said Monday. Many projects will be finished by the end of 2021, before expansion elsewhere.
China's central SOEs realized 703.77 billion yuan (2.14 billion) of net profit in H1, up 8.6 percent from the same period last year, the State-owned Assets Supervision and Administration Commission (SASAC) said.
China's benchmark Shanghai Composite Index fell 24.6 percent to 2,493.9 points in 2018. It, however, has made a strong rebound so far this year, rallying to exceed 2880 points Monday morning.
