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China's internet industry is experiencing earth-shaking developments, and the country's demographic dividend is one main contributor.
China's financial institutions should include more medium to long-term loan products, in order to help the country's private companies access investment easily, said Ye Qing, vice-president of All-China Federation of Industry and Commerce.
China's loners a cause for concern?
China's economy still faces the risk of high leverage while the leverage ratio of some SOEs remains high, Yi Gang, the governor of the People's Bank of China (PBOC), said at the China Development Forum 2018 in late March. The country should complete the corporate governance structure of financial enterprises and strengthen the liability constraint of SOEs, he added.
China's new energy vehicle sales reached 1.25 million last year, 17 times that of 2014. In 2018, sales of new energy passenger vehicles in the nation accounted for 40 percent of the global market share, Chen said.
