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China capable of maintaining sound economic growth in long run: premier

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China capable of maintaining sound economic growth in long run: premier

2024-06-25 21:52 Last Updated At:06-26 16:27

China is capable of maintaining its sound economic growth in the long run, said Premier Li Qiang at a symposium in Dalian on Tuesday with representatives of foreign business communities attending the Summer Davos.

Li introduced China's current economic situation and economic policies, underlining that the country adheres to the general principle of pursuing progress while ensuring stability.

China will intensify counter- and cross-cyclical adjustments through macro policies, address salient problems of the present with targeted measures while promoting high quality development in the long run, advance the optimization and upgrading of economic structure, and enhance its economic stamina for development, according to the premier.

Li said China is confident in achieving this year's social and economic development targets, and capable of maintaining its sound economic growth in the long run.

Highlighting the real economy as the solid foundation for economic development, Li said China puts great focuses on leading industrial innovation through technological innovation, as well as modernizing the industrial system and developing new quality productive forces at a faster pace, and building competitive edge on the basis of comparative advantages.

He stressed that Chinese products' edge comes not from subsidies, but from hard-fought progress in fair market competition.

Li said China is committed to foster a world-class business environment that is market-oriented, law-based, and internationalized, and will continue to expand its opening-up to create more opportunities and better environment for investors worldwide.

The symposium was chaired by Executive Chairman of World Economic Forum Klaus Schwab and attended by 200 representatives from around 40 countries and regions.

The representatives offered suggestions at the symposium and expressed their appreciation to the Chinese government's effort in improving the business environment. They also voiced support to China's development of new quality productive forces, saying they will actively participate in such development and continue to invest in China.

Also known as the World Economic Forum Annual Meeting of the New Champions, this year's Summer Davos opened in Dalian on Tuesday featuring the theme "Next Frontiers for Growth".

The event, scheduled June 25 to 27, brought together some 1,700 leading figures from the public and private sectors across nearly 100 countries and regions to jointly explore new drivers and pathways for global economic growth.

China capable of maintaining sound economic growth in long run: premier

China capable of maintaining sound economic growth in long run: premier

China capable of maintaining sound economic growth in long run: premier

China capable of maintaining sound economic growth in long run: premier

China capable of maintaining sound economic growth in long run: premier

China capable of maintaining sound economic growth in long run: premier

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Japanese seek diversified investment options as yen devalues

2024-07-14 12:04 Last Updated At:12:37

The Japanese people are eyeing diversified investment options at a three-day wealth management exhibition which started on Friday in Tokyo, as the depreciation of their fiat currency yen goes on.

Since July, the retail price of gold in Japan has repeatedly hit new highs, and the price per gram rose to 13,612 yen (about 86 U.S. dollars) on Thursday.

As inflation continues in Japan, precious metals are increasingly popular as a way to beat it.

In addition to paper gold, rare precious metal coins have gradually become one of the new financial investment favorites in Japan in recent years.

"The gold content of coins determines their value as precious metals. But as collectibles, their price on the auction market will go up," said Mitsuru Hayama, an exhibitor.

In addition to traditional financial products which include real estate, there is a trend of diversification at this exhibition.

For example, for investment products such as agricultural blueberry gardens and mushroom farms, investors can choose to make investment only, or they can participate in specific business operations.

Investable wines and whiskies are also a big draw at the expo. Among them, wine investment has an online trading model, where investors can view the latest prices of wines on their mobile phones in real time and conduct transactions .

"You buy it when it's cheap and drink it whenever you want. This is the prime pleasure of investing in the wine. Even if you don't drink it yourself, you'll be happy if its price rallies," said Eiji Odawara, an exhibitor.

According to the latest data released by the Bank of Japan in June, as of the end of March this year, the scale of Japanese household financial assets inched up 7.1 percent compared with the same period last year, reaching 2,199 trillion yen (about 13.9 trillion U.S. dollars), hitting record highs for five consecutive quarters.

Among them, cash and deposits accounted for 50.9 percent, much higher than other advanced economies such as the United States and some European countries.

Japanese seek diversified investment options as yen devalues

Japanese seek diversified investment options as yen devalues

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