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China has been stepping up efforts in recent years to allow foreign investors wider access into the fast-growing domestic bond market, including lifting quota restrictions and creating more investment approaches.
China has a very significant role in the world today. It is the second largest economy in the world, and developments and issues in China have a huge impact on the global stage in many aspects, including trade, the environment and social development. For most companies, China is almost impossible to ignore, not only as a huge and important market but also as a key player in the global supply chain and the availability of resources and talent.
China has pledged a more proactive and effective fiscal policy in 2017 to support economic growth, with the government fiscal deficit set at 3 percent of GDP, or 2.38 trillion yuan for the year, an increase of 200 billion yuan year-on-year.
China has launched several financial assistance measures during the COVID-19 outbreak, requiring banks to increase lending to micro, small and medium-sized enterprises (MSMEs) and lower lending rates and various expenses.
China has been pushing discussions on building a new framework for regional security and cooperation, and it is committed to deepening cooperation on trust-building measures, President Xi Jinping said.