国内英语资讯:Economic Watch: Chinas economy resilient, rebalanced in H1_时事

国内英语资讯:Economic Watch: Chinas economy resilient, rebalanced in H1

In the first three months of the year, the Jiangbei New Area of east China's Nanjing, Jiangsu Province, has attracted some 2,800 talents from overseas to work there. Within the year, the area is expected to have over 300 new high-tech firms.

China has rolled out a series of policies in the first half of the year to deepen reform, cut tax and fees, enhance the ability of financial service to serve the real economy, so as to improve the business environment.

In the first five months, newly-introduced tax and fee cuts have increased markedly, amounting to a total of 893 billion yuan, according to the State Administration of Taxation.

Total foreign investment actually utilized in the first five months stood at 369.06 billion yuan, up 6.8 percent year on year, according to the Ministry of Commerce.

"Despite of many unfavorable factors including world trade uncertainties, China has, via a slew of measures, maintained its steady growth momentum, " said Mao Xuxin, principal economist at London-based independent research institute, National Institute of Economic and Social Research.

With a huge market, abundant human resources, a complete industrial cluster and prospering new engines, the economy has sufficient resilience, potential and room for manoeuver, while its long-term positive trend remains unchanged, according to the Chinese premier.