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The Chinese economy is still on track to a steady recovery with a gradual normalization of activities and strong policy support, as profits at China's major industrial companies declined at a slower pace in August.
Experts said on Tuesday that Chinese investors' holdings of U.S. Treasuries reaching a 12-year low will help China reduce market losses resulting from monetary tightening in the United States and optimize the country's international asset allocation.
The State Council, China's Cabinet, has approved a plan to implement relief work programs on major projects to help people find jobs close to home and boost incomes.
China unveiled a new plan on Tuesday to expand its national road network to around 461,000 kilometers by 2035, as part of its larger move to build a modern, high-quality and comprehensive national transportation network, said officials and experts.
China is committed to pursuing innovation-driven growth and accelerating its industrial upgrade this year amid multiple pressures and uncertainties, as high-quality development will remain a key to China's future, officials and experts said on Friday.