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China's financial risks are generally under control and the economy is equipped with ample ammunition to neutralize the risks.
China's manufacturing sector saw its strongest expansion in more than nine years in August as production and market demand firmed up in the aftermath of the COVID-19 epidemic, a private survey said on Tuesday.
China's four largest banks in terms of total assets, namely Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank, have successfully upgraded their banking licenses from being subsidiaries to becoming fully-fledged branches in the DIFC, Jaffery noted.
China's government reasserted the importance of manufacturing in the Oct 28-31 Fourth Plenary Session of the 19th Communist Party of China Central Committee - especially calling for modernization of the industrial chain and of applying science and technology to upgrading of the manufacturing sector. And, during a visit in September to the Zhengzhou Coal Mining Machinery Group Co, President Xi Jinping underlined the importance of developing the real economy through bolstering manufacturing to enhance high-quality economic growth. Xi said that while China has the world's largest manufacturing industry, efforts are still needed in realizing industrial transformation and upgrading through technical and industrial innovation to move the nation's manufacturing up the industrial chain.
China's light industrial products such as clothing, shoes and hats were popular on the other side, while Soviet leather and metal products won the hearts of Chinese.
来源：资阳报