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China's fast growing online literature industry has also seen a surge in overseas markets.
China's financial regulator on Friday suspended the approval of new online microloan firms as well as new cross-province micro-lending business to clean up the rapidly growing but highly unregulated industry.
China's new yuan-denominated loans stood at 885.8 billion yuan (2 billion) in February, a sharp fall from a record 3.23 trillion yuan in January, raising concerns about a further slowdown in the world's second-largest economy.
China's new round of reform and opening-up policies, and high-standard international trade platforms such as the China International Import Expo will build a comprehensive mechanism for Chinese companies to expand cooperation with global companies in areas from equipment procurement to production capacity cooperation in third-party markets, in particular Latin America, Southeast Asia and the Middle East, said Ke Liangdong, vice-chairman of the Beijing-headquartered China Council for the Promotion of International Trade.
China's deleveraging and risk reduction campaign showed initial signs of success in 2018, but it also constrained small and private businesses from finding credit in the less-regulated shadow banking sector. Credit constraints have affected many companies and added debt default risks, which could also increase unemployment in a slowing economy, analysts said.
来源：资阳报