CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

China's government has responded to a deep economic slowdown with a slew of policy initiatives in recent months that together underline a strategy to spur a recovery, while allowing market forces to play a bigger role in reforming an economy still dominated by the state.

 

The measures include small-scale infrastructure investments and a mix of financial reforms that let the yuan move more freely, give banks more freedom in setting interest rates, open the door a bit wider to foreign capital, and give private firms more freedom to invest in key sectors such as banking.