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China released a host of financial opening-up measures last week, partly to attract more institutional, long-term investors into China's capital market.
China should be proud of things like its high growth, poverty alleviation, integration into the global economy and moving up the technology ladder in many areas, world experts said in comments on a white paper published on Friday.
China to date has 96 central SOEs. They have played an essential role in assisting the country in producing materials for epidemic prevention and control, building medical infrastructure and other supporting infrastructure facilities, as well as supplying food, power and enhanced communication networks in Hubei province.
China will both cut back the fiscal stimulus of the last couple of years and rein in credit growth to strengthen its overextended financial system, Obstfeld said.
China will also boost regional economic cooperation and promote free trade areas, Qian said.