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David Malpass, the new president of the Wold Bank Group, said his organization will strive to establish a "constructive relationship" with China, while International Monetary Fund chief Christine Lagarde termed the nation's recent economic policies as the "right approach". The two officials made the remarks at separate news conferences on Thursday when finance ministers and central bankers worldwide gathered in Washington for the annual meetings of the IMF and the World Bank.

Data helps relieve droughts

DUBAI - The growing number of Chinese banks operating in the Middle East has helped spur investments and boost the local financial services to benefit all stakeholders, said Dubai-based bankers earlier this month.

Data released at the forum shows that, compared with the financial penetration rate of more than 80 percent in mature markets, such as Europe and the United States, the share of China's auto finance penetration rate reaches less than 50 percent.

Data showed that the company, along with two joint ventures -- SAIC Volkswagen and FAW-Volkswagen -- delivered 1.01 million automobiles to the Chinese mainland and Hong Kong in the first three months, up 13.4 percent year on year.