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China's holding of US Treasuries climbed to a 11-month high of .17 trillion in July, marking the sixth consecutive month of growth, along with the expansion of the foreign exchange reserve and a strengthened renminbi.
China's gross domestic product expanded at a rate of 6.9 percent in the first half of this year. In a series of interviews, China Daily asked economists, analysts and business leaders about the prospects for economic growth in the country. Below is an interview with Xu Hongcai, an economist with the China Center for International Economic Exchanges.
China's first road section for testing autonomous vehicles will be launched in Yizhuang, a southern suburb of Beijing, the municipality's Commission of Transportation said. The capital city released the country's first guideline on road tests of autonomous vehicles last month.
China's outbound direct investment or ODI has been increasing since 2000 and it accelerated more quickly following the financial crisis in 2008. Between 2009 and 2014, the number of ODI activities per year rose from 38 to 113, according to research of Zero2IPO Group. In 2016, China's non-financial ODI soared 44.1 percent year-on-year to 0 billion, according to data from the Ministry of Commerce.
China's economy grew by 4.9 percent in the third quarter compared with a year earlier, according to official data. It is the first major economy in the world to have recovered from the coronavirus crisis.
来源：资阳报