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China will gradually advance from processing and manufacturing to research and design, marketing services and brand management, generating more added value through exports.
China's central bank supported a new action plan by G20 finance ministers and central bank governors to help small and medium-sized enterprises hit by the coronavirus pandemic, a statement said on Wednesday.
China's National Bureau of Statistics (NBS) unveiled on Tuesday key economic indicators for November, signaling a world-beating growth trend, as consumption and investment gradually return to normal levels.
China will open more government and public data to the market to improve efficiency. Specific employment and taxation policies will be developed to assure the sharing economy's growth.
China's M2 growth rate slowed to 8.2 percent in March, down from 8.8 percent in February and 8.6 percent in January. Yuan-denominated new loans also showed slower expansion in the first quarter compared with last year, according to data from the People's Bank of China, the central bank.
