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China's development has also lifted the country's 700 million people out of poverty, another great contribution to the world.
China's economic recovery has picked up steam in the wake of the COVID-19 pandemic, with the nation's GDP expanding 4.9 percent year-on-year in the third quarter of 2020. The International Monetary Fund forecasts that China will be the only major economy to see growth this year.
China's e-commerce platforms registered record high sales during "618" online shopping festival from June 1 to June 18 this year.
China's deficit-to-GDP ratio this year is projected at more than 3.6 percent. The ratio was 0.8 percentage points higher than that of last year. The deficit increase is projected at 1 trillion yuan (0.6 billion) over last year, according to the 2020 Government Work Report.
China's construction machinery industry is expected to increase at a slower and more stable pace in 2019, following some strong sales last year, analysts said.
来源：资阳报