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China's foreign exchange regulator said it would further free cross-border capital flows and push forward exchange rate reform this year, amid more balanced international payments driven by import expansion. [Photo/IC]
China's economy enjoys strong resilience and flexibility despite the coronavirus, and is capable of retaining a relatively high rate of growth for the long run, according to a new report released on Tuesday.
China's express delivery business grew significantly this year. More than 40 billion packages were delivered between January and July, surpassing the total volume of 2017, according to data published by the State Post Bureau of China.
China's industrial output exceeded 30 trillion yuan (.46 trillion) for the first time last year, with a notable rebound in industrial investment, which signals a rise in confidence toward the country's manufacturing sector, according to a top industry regulator.
China's development has not just reduced poverty but, of course, transformed the global economy.
