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China's recent monetary policy of fine-tuning toward more prudence other than money supply increases has pointed to policymakers' confidence in tackling long-term development challenges instead of stimulating short-term expansion as the economy is expected to further stabilize, Qiu added.
China's rapid urbanization and economic development have generated a substantial increase in the production and utilization of motor vehicles in the country, said Christine Engstrom, director of the ADB's private sector financial institutions division.
China's stable economic development — its GDP growth in 2017 was around 6.9 percent — was the fundamental backup for the higher growth rate of tax revenue, which rebounded after a three-year slowdown, and it is "better than expected", said Shi Zhengwen, director of the Center for Research in Fiscal and Tax Law at China University of Political Science and Law.
China-Africa production capacity cooperation has made progress so far. China has signed the framework agreement on production capacity cooperation with 14 African countries, including Ethiopia, Egypt, Nigeria, South Africa, Kenya and Ghana, and agreed with some countries on priority areas and key cooperation projects.
China's railway network saw an average of 1.84 million trips each day between Jan 25 and Feb 14, down 83 percent from a previous estimation of 11.2 million each day, due to the novel coronavirus outbreak, a senior manager with the national railway operator said on Saturday.
来源：资阳报