The Chinese economy is witnessing new trends, said Liu, citing stronger development impetus from innovation, more emphasis on developing new industries centering on final demand, as well as further attention to green development.
The China Securities Regulatory Commission published guidelines in March for the introduction of Western-style pension target funds. From April 11, 22 Chinese asset managers had applied for 43 pension target securities investment funds.
The China Securities Regulatory Commission has cracked down on 10 cases of illegal activity in private equities, including eight cases that will be subject to administrative penalties, the commission said on Friday.
The Chinese economy posted a continuous recovery in the first nine months and achieved significant results in coordinating development with epidemic prevention, the bureau said in a statement.
The Chinese joint venture with BAIC Motor Corp did not verify the snapshot's authenticity by publication time, but a Hyundai spokesman in Seoul told Bloomberg on Wednesday that the delayed payments were because of poor sales in China, its largest market.
The China Development Bank will provide an equivalent amount of 2 billion euros (2.4 billion US dollars) as development-oriented financial cooperation loans, Li said in a keynote speech to the seventh China-CEEC Economic and Trade Forum.
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The Channel Five Sports Space, a comprehensive public sports venue, holds a promotional activity to attract customers in Beijing this summer. [Photo provided to China Daily]
The Changan CS55 on show at an auto expo in Changzhou, Jiangsu province. [Photo provided to China Daily]
The Canton Fair, which is held twice a year in spring and fall, will display some 160,000 products from 25,000 domestic companies, demonstrating China's efforts to develop technology, brands, quality and service, Xu said.
The Cabinet said after its executive meeting on Wednesday that enabling financial institutions to concede profits is a key measure to protect market players and stabilize the country's economic fundamentals.