China will implement a series of........>

CHINA PRESS: China will implement a series of policies to develop the real

economy by redirecting capital to help growth, Economic Information Daily

reported Wednesday. Chinese President Xi Jinping stressed in his keynote speech

fat the 19th Communist Party Congress last month that China needs to transform

its method of development to build a modern economic system. The newspaper cited

various analysts saying China needs to enhance the efficiency and quality of

development, in particular, speeding up development of the manufacturing sector

by enhancing its ability to innovate. The imbalance in the real economy shows

that reform of Chinese corporate system has not caught up with the need to

upgrade and restructure the economy, Chi Fulin, director of China Institute for

Reform and Development and deputy head of China Society of Economic Reform, was

quoted as saying. He also pointed out the imbalance that exists between the

property sector and the development of the real economy that needs to be

addressed (Economic Information Daily)