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BEIJING (MNI) - The following lists highlights from the Chinese press for
China's draft foreign investment law stipulates that Chinese authorities
shall not force foreign investors to transfer technology by administrative
means, Xinhua News Agency reported on Sunday. The new law will encourage
technical cooperation on a voluntary basis, and protect the intellectual
property rights of foreign enterprises investing in China, Xinhua said.
China must keep macroeconomic control at an appropriate level and not let
it be too rigid or loose, Wallstreetcn reported on Saturday citing Han Wenxiu,
deputy director of the General Office of the Leading Group for Financial and
Economic Affairs of China. Han also pointed out that China's total GDP in 2018
is expected to exceed CNY90 trillion, or about US$13.7 trillion, with GDP per
capita at US$9,990. The total new jobs created this year was 13 million, with
urban unemployment rate below 5%, Han was cited as saying.
China should temporarily let the deficit exceed the 3% ratio of the GDP to
stabilize economic growth, said China Business News on Sunday citing Huang
Yiping, a member of the PBOC's Monetary Policy Committee. The health of the
balance sheet is more important than the deficit ratio, Huang was reported as
saying. The balance sheet of the central government is healthy, but that of
local government is not, the newspaper reported Huang as saying.
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