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China's faster rebound is a rare positive for a global economy still clawing its way out of its worst slump since the Great Depression. The International Monetary Fund sees global output by the end of 2021 being 0.6 percent higher than the end of 2019, driven almost entirely by China, Bloomberg reported, and the proportion of worldwide growth coming from China is expected to increase from 26.8 percent in 2021 to 27.7 percent in 2025.

China's economy should return to normal in the second quarter following the novel coronavirus outbreak, whose impact on the global economy should be "relatively minor and short-lived", the top International Monetary Fund official said, as a senior Chinese banker also estimated the effect to be "temporary".

China's civil aviation regulator signed two landmark aviation agreements with the European Union on Monday to boost their cooperation and competitiveness in the aeronautical sector and enhance overall EU-China aviation relations.

China's decision to lower tax rates on a range of goods carried or mailed by individuals into the country is part of a new push to boost imports and consumption and to ensure the public sees the benefits of tax cuts, a senior official said on Tuesday.

China's economy has developed rapidly alongside its bond market. Last year, bonds issued in China totaled 36.1 trillion yuan (.2 trillion), up 54.2 percent from a year earlier, according to data from the PBOC.