The report omitted any mention of "curbing investment and speculative demand", which had appeared in previous reports, and mentioned only "people's demand for housing for personal use and second homes", which was interpreted by market players as a signal of further policy easing and other steps to boost demand.
The vision of this (One Belt One Road) initiative is common development, and the goal is win-win progress, full cooperation. If I may use a musical metaphor, it is not just China’s solo, but a symphony performed by all relevant countries.
China is still not a world sports power although we have won a massive haul of gold medals at the Olympics. To win those medals, we have invested too much funding and too many resources, which appears to be disproportionate compared to what we gained through the medals. The way China develops competitive sports should be reformed with a cost-effective approach.
With economic expansion having moderated to a "new normal" pace, potential GDP growth will still be about 8 percent this year and in the next 20 years, said Justin Yifu Lin, former chief economist and senior vice-president of the World Bank.
