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China's economy has been generally stable and is one of the fastest-growing economies in the world in 2019, said Liu. He also pointed out that China's economic output has reached nearly 100 trillion yuan (.49 trillion), and that its annual economic expansion of about trillion is almost equivalent to a medium-sized economy in today's world.

China's mobile payments totaled 81 trillion yuan (about US .77 trillion) as of October 2017, the world's largest volume, official data showed.

China's overall performance in the rankings is strong and the best in Asia. Tsinghua University is ranked ninth and is joined in the top 20 by Peking University (20th).

China's economy expanded 6.9 percent year-on-year in the first three quarters, above the government target of 6.5 percent for 2017.

China's economy showed signs of resilience and recovery while the global economy has been seriously affected by the COVID-19 pandemic, said Liu Zhenmin, under-secretary-general for economic and social affairs at the United Nations.