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China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.
China's economy got off to a strong start in the first quarter, with GDP growing at 6.9 percent year-on-year, according to data released by the National Bureau of Statistics on Monday. Improvements in industrial production, investment and exports have combined to bolster the economy in that period, the bureau said.
China's largest A-share listed automaker, SAIC Motor not only continued its overseas expansion amid the pandemic but posted a 17.3 percent growth in overseas sales of its own brand vehicles in the first six months this year.
China's foreign exchange reserves slipped to .125 trillion at the end of April, down by about billion or 0.57 percent from March, officials announced on Monday.
China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.
