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China's economy "remains strong despite the growth slowdown in recent years," said ADB Chief Economist Yasuyuki Sawada, adding that favorable fiscal reforms at the start of the year, particularly on personal income tax and social security, will help alleviate the adverse effects of anticipated weaker wage growth and boost domestic consumption.
China's e-commerce platforms have announced their promotional policies before the annual shopping spree on Nov 11, known as "Singles Day".
China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.
China's major economic indicators weakened slightly in July, but analysts said the trend of stable growth remains and will carry into the second half of the year.
China's investor protection system needs to improve to deal with risks related to such structures, said Li Shuguang, a law professor with the China University of Political Science and Law. He mentioned specific areas such as the regime of class action lawsuits litigated by small and mid-sized investors, detection of insider trading, as well as transparency and information disclosure.
来源：资阳报