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China's retail sales of consumer goods declined 19 percent year-on-year in the first quarter amid the novel coronavirus epidemic. Online sales stayed relatively stable as consumers turned to online shopping when staying indoors, falling 0.8 percent. Online sales of physical goods expanded 5.9 percent to 1.85 trillion yuan, accounting for 23.6 percent of the total retail sales in the first quarter.

China's stronger-than-expected economic growth in the first quarter has prompted economists to raise their full-year forecasts, lifting confidence about the resilience of the economy.

China’s trade with the European Union, the United States and countries of the Association of Southeast Asian Nations increased in 2018, customs officials said. Trade with these three main partners accounted for 41.2 percent of the country’s total volume.

China's sovereign bonds showed muted moves on Nov 20, with the benchmark 10-year yield rising one basis point to 3.97 percent.

China's top legislature voted through amendments to the Personal Income Tax Law on Friday afternoon, setting the personal income tax threshold at 5,000 yuan (3) per month, or 60,000 yuan per year, elevated from the current 3,500 yuan per month.