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CHINA-ECONOMY-WEEKLY-POLICY
Weekly policy snapshot of Chinese economy
BEIJING, Dec. 2, 2019 (BSS/Xinhua) – The following are the key moves taken
by policymakers in the past week to enhance China’s economic strength and
sustainability:
— Interim regulation for credit rating industry
China issued an interim regulation for the credit rating industry Friday to
improve the financing environment and prevent financial risks.
The measures will help create a competitive market in the credit rating
industry while strengthening the supervision of credit rating agencies.
To standardize the industry, the number of penalties for violations was
increased, according to the measures issued by the People’s Bank of China,
the National Development and Reform Commission, the Ministry of Finance and
the China Securities Regulatory Commission.
— Directive for high-quality trade development
The Communist Party of China Central Committee and the State Council on
Thursday jointly issued a directive calling for high-quality trade
development.
By 2022, China aims to have an optimized trade structure and a notable
improvement in trade efficiency and set up an evaluation system for high-
quality trade development, according to the document.
The guideline stressed the need to speed up the development of modern
services, especially production-related services, while modern services
should be deeply integrated with the advanced manufacturing industry.
— National information platform for PPP projects
China launched a national information monitoring and service platform for
public-private partnership (PPP) projects, the country’s top economic planner
said Thursday.
The platform enables economic planning departments nationwide to search for
project information, release supervision reports and receive warnings on
abnormal projects, according to the National Development and Reform
Commission.
BSS/XINHUA/HR/1445