The country's total financing reached a record level of 5.2 trillion yuan (5 billion) in March, increasing 11.5 percent year-on-year, which was the fastest single-month growth in history. Credit growth is a positive sign that the Chinese economy is recovering as more companies are borrowing to facilitate their production resumption, economists said.
The data pointed to stable growth momentum, with online sales of physical goods registering rapid growth, the MOC said in an online statement.
The data also showed China's central SOEs reduced 59.5 million tons of iron and steel overcapacity and 25.23 million tons of excessive coal capacity in the first 10 months.
The current debt level may hold back the government's plan of launching additional fiscal stimulus measures, he said. Policy makers may be cautious in issuing new stimulus policies and want to save enough "ammunition" in case of "unexpected risks" if the pandemic situation worsens.
The cutback in output has led to higher prices, she added, emphasizing that aluminum futures may remain volatile in high levels.
The deal will require approval by Australia's Foreign Investment Review Board, and subject to approval is expected to be finalized before the end of the year.
广东白癜风防治平台
The court will sentence Zhong at a later date.
The crackdown was a joint action by Chinese and Lao police.The Chinese police will continue advancing pragmatic judicial cooperation with their foreign counterparts on some major telefraud cases, said Chen Shiqu, deputy director of the ministry's criminal investigation bureau.
The country's small-and medium-sized corporate legal entities formed the most dynamic entrepreneurial group and an important foundation for China's real economy, the part of the economy that produces goods and services, said Zhang Kejian, vice-minister of industry and information technology.
The deal is subject to regulatory approval and financial terms, and the transaction is expected to be completed by the fourth quarter of 2017.