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China's economy generally maintained steady and sound growth in May, along with supply-side structural reform and innovation-driven development. Economic indicators like supply and demand, employment, consumer price, and profit of enterprises showed positive signs, and the economic development was also more balanced and stable.
China's outbound direct investment in economies involved in the BRI rose 12 percent year-on-year to .6 billion between January and August this year, according to data from the Beijing-based China Council for the Promotion of International Trade. These countries accounted for 12 percent of China's ODI in 2017.
China's oil giant Sinopec Group announced Tuesday that its net profit is expected to reach 27.09 billion yuan (.98 billion) in the first half of the year, surging by 50 percent, as crude oil price in the global market increased in the period.
China's domestic-made 'sea airship' Xiangzhou 1 was showcased in Sanya, South China's Hainan province, Dec 11.
China's growth, on the other hand, has been revised upward from October by 0.2 percentage point to 6 percent for 2020 due to the recent US-China trade breakthrough.
