Fiscal and monetary moves yielding results

Efforts to boost protection of intellectual property and optimize business environment

China has continuously stepped up efforts to implement monetary and fiscal policies to stabilize the economy. These efforts have helped bolster market expectations and confidence in the Chinese economy from enterprises, residents and foreign investors, economists said.

In the first two months of this year, the country's new yuan-denominated loans increased by 374.8 billion yuan ($55.83 billion) year-on-year to 4.11 trillion yuan. Aggregate financing to the real economy expanded by 5.31 trillion yuan, surpassing the growth over the same period last year by 1.05 trillion yuan, according to the People's Bank of China, the central bank.