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As external shocks to the Chinese economy are large amid the novel coronavirus outbreak, by moderately loosening the provision coverage ratio, the government will help smaller banks and businesses deal with challenges more effectively, said Michael Hu, PwC China financial services partner.
As a time-honored academic mass organization in agriculture, the CAASS has witnessed and promoted China's contemporary sci-tech development in agriculture, Xi said.
As an increasingly mature economy, China is moving up the value chain by rapidly developing its service and advanced manufacturing sectors. Foreign Direct Investment (FDI) in China reflects this transition.
As an economist, Trichet is impressed by Xi's efforts to deepen structural reform by transforming heavy industry and bringing the country into the medium and high ends of the global production chain.
As a natural and historical extension of the Belt and Road, Africa should not be absent in the co-building process, nor should it be left behind in the mutual development of China and the world, he added.
