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China's economy, despite headwinds, has enjoyed a good start in 2019, and the country has the confidence to achieve the annual projected growth goal, said the nation's top economic regulator.
China's financial markets have rallied as confidence builds that the country's economy is shaking off the coronavirus pandemic, according to a WSJ report last Thursday.
China's healthcare spending as a percentage of GDP grew from about 2 percent in 2005 to 3.5 percent in 2009 when the reform started, to about 6 percent today. In a time of rapid GDP growth, this was almost a tripling of real healthcare spending. Total expenditures are now about 4 trillion yuan (5 billion) and research by Deloitte Analysis predicts it will top 8 trillion yuan by 2020. By 2030, total Chinese spending on healthcare will reach 16 trillion yuan, 10 percent of that year's expected GDP.
China's industrial output, an important economic indicator, expanded by 5.4 percent year-on-year in April, down from the 8.5 percent for March, official data showed on Wednesday.
China's more than 130 city commercial banks, which were founded in 1995 through shareholding reform of urban credit cooperatives, recorded 32.3 trillion yuan in total assets, accounting for 12.9 percent of the industry's total.
来源：资阳报