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China has outperformed other economies to become the largest manufacturing powerhouse in the world for 10 consecutive years, thanks to the impressive strides in technology innovation and industrial upgrade, regulators and experts said on Friday.
China has edged out its closest European rival, Sweden, to take fourth place in a ranking of the value of global fintech investment deals thus far in 2019, according to a new report detailing global fintech investment trends.
China had taken measures to tackle some SOEs' structural problems in 2016, when the country's top regulator for State assets, the State-owned Assets Supervision and Administration Commission, selected a group of 10 pilot State-owned companies and encouraged them to establish independent financial and operational arms to better manage their assets and serve the real economy.
China has instructed its banking sector to ensure the implementation of the policy that allows eligible companies to delay loan or interest payments until the end of June, said a regulatory official on Sunday.
China has not only benefited from economic globalization but also contributed to the process, Xi said, adding that China's economy has contributed to more than 30 percent of global growth.
来源：资阳报