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China's economy expanded 6.9 percent last year to 82.7 trillion yuan (12.8 trillion US dollars), around 15 percent of the world total. Foreign exchange reserves, the world's largest, reached 3.1 trillion dollars, and trade with countries along the Belt and Road rose 17.8 percent to 7.4 trillion yuan (1.15 trillion dollars).
China's early recovery from the COVID-19 pandemic, the rebounding consumption levels and efficient production resumption have helped global companies in China to remain viable and profitable compared with other parts of the world, said Julien Hueber, executive vice-president of Industry Solution and Project Business Group at Nexans, a French cable manufacturer.
China's investment in property development grew 10.3 percent year on year in the first 10 months of 2019 to 10.96 trillion yuan, according to the National Bureau of Statistics.
China's cloud market is becoming increasingly crowded, with domestic and foreign companies competing aggressively. Both Dell and Microsoft's cloud expansion plans come as the companies are locked in fierce competition with Amazon.com Inc.
China's corporate debt is equivalent to 160 percent of the country's GDP, said Huang Qifan, deputy head of the National People's Congress Financial and Economic Affairs Committee, in June. That means the scale of debt to be converted would be colossal even if a small proportion of the debt is included in the program.
来源：资阳报