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China's overall economy expanded by 6.1 percent year-on-year in 2019, meeting the preset target range of 6 to 6.5 percent for the year, according to the National Bureau of Statistics.

China's official purchasing managers' index (PMI) for the manufacturing sector rose to a four-month high in July, indicating that the sector accelerated recovery from the COVID-19 epidemic.

China's major SOEs will complete corporate governance reform by the end of 2017, according to a State Council action plan released in July. The reforms target SOEs supervised by the central government, excluding financial and cultural firms.

China's economic growth remained on track in November, although investment and industrial output growth eased, a senior official of the National Bureau of Statistics said Thursday.

China's financial institutions held State-owned assets totaling 241 trillion yuan by 2017, accounting for around 80 percent of the nation's total financial assets. They also had a total debt of 217.3 trillion yuan, according to the report from the ministry.