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China's fiscal spending expanded 15.2 percent year on year to 7.57 trillion yuan during the first four months, the MOF data showed.
China's healthcare giant Shanghai Fosun Pharmaceutical (Group) Co Ltd announced Monday it will purchase an approximate 74 percent stake in Indian drug maker Gland Pharma for more than billion.
China's economic growth remained largely stable in October, although downside pressure continued to increase, the National Bureau of Statistics said on Thursday.
China's overall debt-to-GDP ratio -- the macro leverage level -- had dropped to 249.4 percent by the end of 2018, 1.5 percentage points lower than a year earlier, as the authority has tightened financial regulations and cracked down on shadow banking, said governor of the central bank Yi Gang at a news conference during the 13th National People's Congress.
China's ongoing efforts to spur new forms of consumption will help stimulate market players' vitality, boost domestic demand and support economic recovery, said Guo Xin, a marketing professor at the Beijing Technology and Business University.
