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Search resuls for: "Han Wenxiu"


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BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. He listed three areas of focus: the stable and healthy development of the real estate market, accelerated development of "emerging and future industries" and expanding domestic demand, "especially consumption." Han was responding to a question about how China would support growth in the face of increased trade tensions. He used a phrase attributed to Chinese President Xi Jinping, who in recent years has called for the country to "do your own thing well" and focus on its own affairs. The press conference followed the end of a high-level meeting policy called the Third Plenum that ended Thursday.
Persons: Han Wenxiu, Han, Xi Jinping Organizations: BEIJING, Top, Communist, CNBC Locations: China
The more dire predictions for China's highly anticipated "Third Plenum" that kicks off Monday hint at constraining the financial sector, despite slowing economic growth. Policy has long been an important guide for investors in China's top-down economy. The official English summary listed four measures, the third of which called for developing the "real economy," and "guarding against a shift from the real economy toward the financial economy." Goldman Sachs on July 11 published a lengthy report on China solar in anticipation the industry is nearing a bottom. One of the Goldman Sachs analysts' newly initiated, buy-rated China solar stocks is Daqo New Energy , a U.S.-listed manufacturer of polysilicon for solar power companies.
Persons: it's, Dan Wang, Han Wenxiu, Goldman Sachs, bode, Jacqueline Du, Daqo, Si Fu, Wang Organizations: Hang Seng Bank, ” Finance, Central Committee's Office, Financial, Economic Affairs, CNBC, Communist Party's, Committee, Bank of America, Energy, Goldman Locations: China, Beijing, China's, U.S, Shanghai
The foundation of China's economic recovery is not solid enough, a senior Communist Party official said on Saturday, warning of possible spillover effects from global economic problems. "The foundation of China's economic recovery is not yet solid enough," Han said. Recent economic data has shown that China's economy picked up from COVID-19 slumps after the government abandoned its zero-COVID strategy late last year. China is confident of reaching its annual economic growth target of around 5%, Han said. Han also said China would continue to expand market access and welcome foreign investment into the world's second largest economy.
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