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China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.
China's Belt-and-Road Initiative is an attempt to link with Asian and European nations via a network of railways, roads, pipelines, and utility grids.
China's central bank has pledged to make its prudent monetary policy more targeted and flexible to adapt better to the needs of high-quality development and put more focus on the efficiency of financial services to support the real economy.
China's GDP growth slipped to 6.5 percent year-on-year in the third quarter. But its overall GDP growth in the first three quarters remained at a high level of 6.7 percent and it is set to achieve its preset GDP growth goal of about 6.5 percent for this year.
China will take multiple measures to continue tackling financing difficulties faced by the private economy and micro and small companies – a critical problem that has weighed on economic growth and market vitality, Li said.