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      Business
      Profit growth at China's major industrial firms hit an eight-month high in March, backing expectations the world's second-largest economy is set to stabilize as the government policies to bolster growth start to take effect, said industry analysts.
      The Belt and Road Initiative (BRI) has fueled the yuan's internationalization, particularly in the past two to three years as work on related projects accelerated. In Southeast Asia where economic relations with China are closer than in other countries and regions the yuan usage is getting popular, one expert told the Global Times on Monday.
      Infrastructure investment may further speed up in the rest of the year, which will help to stabilize the Chinese economy and inject long-term growth momentum, economists said.
      STOCK INDICES
      Shanghai Composite 2493.90 0.44% 28/12
      Shenzhen Composite 7239.79 0.34% 28/12
      Hang Seng 25504.20 0.10% 28/12
      Nikkei Average 20014.77 0.31% 28/12
      Dow Jones 23062.40 0.33% 28/12
      Nasdaq 6,584.52 0.08% 28/12

       

      Market observers are seeing more upside than expected in China's economy with more signs of stabilizing in the first quarter and the consumption driver revving up.
      Starting Monday, China's yuan-denominated bonds will be added to the Bloomberg Barclays Global Aggregate Index, another milestone in the opening up of the country's financial market and a boon for global investors.
      China's factory and service activities both picked up in March, new evidence of stable economic fundamentals amid government measures to spur high-quality growth.
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