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China's decision to ease market access for foreign companies and expand imports will not only provide a boost to foreign businesses but also benefit domestic companies through competitive pressure, according to a senior US researcher of the Chinese economy.
China's gross domestic product grew 6.9 percent in the second quarter, flat with the first quarter and above the government's annual target of around 6.5 percent. The country will release economic figures for the third quarter Thursday.
China's local governments raised 4.4 trillion yuan through debt issues in 2017, with general bonds and special bonds reaching 2.36 trillion yuan and 2 trillion yuan respectively, according to the Ministry of Finance (MOF) showed.
China's macroeconomic policy in the second half of the year still has room to be strengthened, especially with regard to fiscal and monetary policy. There is plenty of discussion on this issue. For example, in terms of monetary policy, the RRR is about 9 percent to 10 percent, which is higher than that in many major economies. Some countries have even abandoned such an indicator. The RRR in China was once as low as around 6 percent, so there is still a lot of room to reduce the ratio.
China's consumer price index rose by 0.90 percent in March, up only 0.10 percentage points from 0.80 percent in February, the National Bureau of Statistics said on Wednesday. Falling food prices helped keep consumer inflation in check, the agency said.
来源：资阳报