Zeng Gang, deputy director-general of the National Institution for Finance& Development, said China may come under the pressure of rising financial risks in the next two quarters, especially in the first quarter of next year, as risk may further arise from delayed repayments on inclusive loan principal and interest. But it will depend on the progress of pandemic control and the economic recovery.
Zhang Guosheng, vice-director of Binhai New Area, said the area maintains stringent management of returning staff members of foreign companies to secure the smooth and healthy resumption of production.
Zhang Tieshan, operational director of supply chain company Didisteel, expects more deals to be settled in the Chinese currency as China accounts for bulk of the iron ore usage in the world.
Zhang Dejiang, chairman of the NPC Standing Committee, presided over the meeting.
Zhang added that PMI averaged at 51.55 in July and August, 0.35 higher than that in the first two months of the second quarter. "It indicates that growth of the national economy may continue to be improving, and the possibility is rising that GDP growth in the third quarter could be at the same level as in the first half."
Zhan Jie was removed from the post of vice president of Chinese Academy of Sciences.
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Zhang Jindong, chairman of Suning, said private enterprises are major beneficiaries of China's reform and opening-up policies as local governments work hard to create pro-business environments.
Zhang Zhiyong, founder and CEO of Wenfeng Automobile Consultancy, said vehicles are becoming increasingly smart and digital, which will spur a huge demand for auto chips.
Zhang Ming, an economist at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said the renminbi will not see a dramatic drop because the country's economic foundations are stable and sound.
Zhang Jinyuan, deputy director of the Hubei provincial Department of Education, told those at a daily briefing in Wuhan that Hubei has 450,000 college graduates this year, more than last year, and the employment of college graduates is the top priority.