China’s,Economy,Keeping,Steam

时间：2022-09-05 15:55:06 来源：千叶帆本文已影响人

　　China’s economy in 2018 can be characterized by three features： relatively strong resilience， steady reform of the capital market and increasingly lower institutional costs.
　　Amid an increasingly complicated situation at home and abroad and fiercer disputes in trade， China has generally fulfilled its main targets in economic development in 2018： The growth rate of its GDP reached 6.6 percent， the urban surveyed unemployment rate stayed at around five percent， foreign trade volume hit a new high， economic restructuring continued progressing， emerging industries maintained relatively fast development， and the urbanization rate increased steadily. All indicators point to the high resilience of China’s economy.
　　The resilience of China’s economy can also be seen in flexible policies. Since mid-2018， uncertainty in the economy has increased， so China has changed its macro policies accordingly. Monetary policy was adjusted to “prudent”and policymakers stressed that to ensure liquidity in the market， fiscal policy should be loosened. The government vowed to enact more policies such as cutting taxes and administrative fees， investment and infrastructure projects have been expanded， and the environment for doing business has been improved. China has further removed obstacles impeding trade and become more open to the world.
　　Facing a complicated and volatile external situation， China should harness more domestic fuel and dynamism in its economy. China’s reform has entered a deep-water zone， and mountainous pressure lies ahead. However， the reform is still ongoing and more potential for China’s economy has yet to be tapped.
　　The capital market has always been a focus of the government’s work in economic development. However， only recently was it mentioned at the Central Economic Work Conference as an area that affects the whole picture， which evidences the significance of the capital market in China’s economic development and restructuring.
　　In recent years， the reform of China’s capital market is heading for “internationalization， legalization and marketization.” From the perspective of internationalization， two-way opening of China’s capital market has steadily progressed. In terms of legalization， China has adhered to strict supervision in accordance with the law and constantly improved basic systems of stock issuance， listing and delisting. While improving relevant laws， regulations and regulating institutions and cracking down on violations of laws and regulations， China has effectively protected the legitimate rights and interests of small and medium investors. On marketization， China has maintained normal issuance of new shares， regulated refinancing of listed companies， curbed excessive financing， supported mergers and acquisitions with industrial integration as the focus， and streamlined examination and approval procedures， all of which give the capital market more power in its role in serving the real economy.

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China’s,Economy,Keeping,Steam

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