China's latest efforts to boost sales of automobiles, home appliances and other big-ticket items are expected to stimulate consumers' appetites, spur a consumption recovery amid the pandemic, and stabilize economic growth.
A growing number of overseas mines are carrying out yuan settlement for spot trades at Chinese ports, which is not only helpful for the wider application of the yuan in commodity settlement but also illustrates the importance of the Chinese market to global miners, analysts said.
The Hainan Free Trade Port has adopted more than 180 policy documents to widen market access and promote trade facilitation and liberalization, the province's top official said on Monday.
China's economic operation has been through an unusual journey since the start of this year, said Premier Li Keqiang at a symposium this week. Generally speaking, the economy is seeing a hard-fought recovery based on the implementation of a raft of economy-stabilizing policies, he said.
Shares of companies in sectors like food and beverage, power equipment and biomedicine have attracted the most foreign investment, with each sector registering more than 10 billion yuan of net foreign capital inflow so far this month.