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aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a
d in the city, and one in every eight buses is produced by Zhengzhou Yutong Bus Co, he said.
Through such efforts as opening cargo train routes to Europe and encouraging cross-border e-co
mmerce, Zhengzhou has helped implement the Belt and Road Initiative and benefited from it, he added.
“We truly feel that the Belt and Road has turned into roads of peace, prosperity, openness, innovation and civilization,” he said.
Tang Yuxiang, an NPC deputy and also board chairman of Zhengzhou Yutong Bus, said that since the Belt and Road Init
iative was put forward in 2013, the company has made overseas markets a strategic priority.