Liu Ligang, managing director and chief China economist of Citigroup, said in an interview: "We have seen preliminarily the efforts made by the central bank, regulators and local governments at the previous stage. Figures for March may further prove that the transmission mechanism of China's monetary policy becomes effective gradually. If the economy further stabilizes and trade friction between the US and China declines significantly, a virtuous circle will be created over time."
Liu jumped up onto the balcony without hesitation and led the blind man outside.
Liu Xiangdong, an associate researcher at the economic research department of the China Center for International Economic Exchanges, was also quoted by the newspaper as saying that in order to further stabilize investment, China has increased infrastructure investment and supported local governments to use special bonds more flexibly with more focus on rail transit, ecological protection and urban pipeline network construction.
Liu Shunli could be mistaken for a regular store assistant were it not for his clumsy movements and the meticulousness way he performs his tasks, such as attaching price tags to containers, folding cake boxes and mopping the floor at a branch of the Auspicious Phoenix Bakery in Beijing's Shijingshan district.
Liu believes a stable yuan will balance cross-border capital flows and help reserve growth in the near term. A falling dollar index and rising asset prices in Europe and the United States are also helpful.
Liu Kun in Wuhan contributed to this story.
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Liu said his confidence in China-UK cooperation is supported by three elements: China's deeper reform and further opening-up, China-UK collaboration on the Belt and Road Initiative, and a sound China-UK relationship.
Liu Guoqiang, vice-governor of the PBOC, said during a news briefing that between August and December, efforts will be made to reduce financing costs for market entities by about 600 billion yuan (.73 billion), mainly through lower lending rates and a better interest rate transmission mechanism. The target for the full year is to reduce 1.5 trillion yuan in costs for enterprises, he said.
Liu Junhai, a professor of law at Renmin University of China, said the move would be a natural development and would benefit the evolution of tech-friendly courts.
Liu said he plans to return to China after completing his postdoctoral research in the US.