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China's financial and business center received billion of foreign investment last year, down 8 percent from 2016, the Shanghai Municipal Commission of Commerce said Thursday.

China's economy will likely grow at 1.2 percent this year and rebound strongly to 9.2 percent in 2021, the International Monetary Fund predicted Tuesday, as it said the COVID-19 would precipitate global growth into the deepest recession since 1930s but a recovery of 5.8 percent is expected if the pandemic fades.

China's exports of agricultural products experienced their sharpest downfall in recent years in the first quarter of this year as the COVID-19 pandemic choked global demand and disrupted trade fairs, the Ministry of Agriculture and Rural Affairs said on Tuesday.

China's insurance funds posted a 5.56 percent annualized rate of return on financial investment in the first half of 2019, up by 0.8 percentage points year-on-year.

China's largest online travel agency Trip.com launched on Thursday night a 1 billion yuan (5 million) fund to relieve the cash flow burden of its suppliers as the country battles the novel coronavirus outbreak.