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.
National roadways to hit nearly half-million km--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.