Senior Chinese official He Lifeng met with Ray Dalio, founder of U.S. investment management firm Bridgewater Associates, in Beijing on Thursday.
He, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the Office of the Central Commission for Financial and Economic Affairs, briefed Dalio on the third plenary session of the 20th CPC Central Committee, China's economic situation, and the reform of the capital market.
Noting that China is further deepening comprehensive reform and promoting Chinese modernization, he said that since the beginning of this year, the economy has continued to rebound and show positive signs and solid progress has been made in advancing high-quality development.
He expressed the hope that Dalio will continue to play a bridging role and encourage other U.S. companies to seize opportunities and deepen mutually beneficial cooperation with China.
Dalio expressed full confidence in China's economy and future development and said Bridgewater is willing to make new contributions to promoting friendly U.S.-China cooperation.
Senior Chinese official meets Bridgewater founder
China's total value-added of industrial enterprises above the designated size, an important economic indicator, expanded 4.5 percent year on year in August this year, official data showed Saturday.
On a monthly basis, the industrial output edged up 0.32 percent in August from the previous month, the National Bureau of Statistics(NBS) said in a monthly statement.
The enterprises above the designated size refer to those with an annual main business turnover of at least 20 million yuan (about 2.82 million U.S. dollars).
The value-added of equipment manufacturing grew by 6.4 percent year on year, while that of hi-tech manufacturing surged 8.6 percent, 1.9 percentage points and 4.1 percentage points faster than the average industrial production growth, respectively.
As for consumption, retail sales of consumer goods went up 2.1 percent year on year in August to 3.8726 trillion yuan (about 545 billion U.S. dollars). From January to August, the overall online retail volume reached 9.6352 trillion yuan (about 1.357 trillion U.S. dollars), up 8.9 percent year on year. The retail sales of services increased by 6.9 percent year-on-year.
"In August, the national economy operated in a stable manner on the whole. We adhered to the general principle of seeking progress while maintaining stability and implemented the new development philosophy accurately and comprehensively, strengthened macroeconomic control and focused on promoting high-quality development. The production demand continued to recover and employment and prices remained basically stable. The high-quality development continued to advance. The economy witnessed a generally stable situation and steady development," said NBS spokeswoman Liu Aihua at a press conference in Beijing.
China's industrial output up 4.5 pct in August
