China still has much to work towards a modern market economy and that will take a long time, FAN Gang said.
Risks in China’s local financing vehicles, property and the so-called “shadow banking” are controllable, said Liu Mingkang.
China supports the initiative of “Made in the World,” which has been launched by the WTO to support the exchange of projects, experiences and practical approaches in measuring and analyzing trade in valued added.
The index of real effect exchange rate of China’s currency jumped 3.77 percent in September to 125.01 from August’s 120.47, the Bank for International Settlement (BIS) said Tuesday.
Growth is slowing amidst policy tightening but the underlying strength of domestic demand should ensure a soft-landing.
A conservative estimate, based on an official survey, put the amount of private lending in Ordos at above 200 billion yuan.
Nearly 20 percent of city-level local governments have a debt ratio of over 100 percent, which, however, would not necessarily cause a proble, said Jia Kang.
Barring selective easing for small companies, the PBoC will likely hold monetary policy stable, as inflation is expected to ease only gradually in the coming months.
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