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China's financial system is stable, with the systemic risk under control thanks to the steady growth of social financing and strengthened profitability in listed companies in the first half of this year, Guo Shuqing, Party secretary of the People's Bank of China, the central bank, and chairman of the China Banking and Insurance Regulatory Commission, said in a Thursday interview with the bank's newspaper, Financial News.
China's comprehensive supply chain, sound infrastructure and opening-up efforts are compelling more foreign companies to stay and invest long-term in the market, according to a seasoned executive from global professional service company Tricor Group.
China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent, supporting the Chinese currency.
China's economic growth remained "largely stable" in October, although downside pressure has continued to grow, the National Bureau of Statistics said on Thursday.
China's medical and health institutions boasted a total of 8.4 million sickbeds as of the end of 2018, up 5.8 percent year-on-year. The number of sickbeds per 1,000 people rose from 5.72 in 2017 to 6.03 in 2018.
