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China's economy will likely grow at 1.2 percent this year and rebound strongly to 9.2 percent in 2021, the International Monetary Fund predicted Tuesday, as it said the COVID-19 would precipitate global growth into the deepest recession since 1930s but a recovery of 5.8 percent is expected if the pandemic fades.
China's equipment manufacturing industry has developed rapidly and made remarkable achievements during the reform and opening-up policy in the past 40 years.

China's insurance giant Ping An Group is the fintech firm's principal shareholder and the two have established a strategic partnership.
China's non-financial investment to economies involved in the Belt and Road Initiative totaled .4 billion last year, up from 8.5 percent in 2016.
China's new yuan-denominated loans hit 3.34 trillion yuan (5.78 billion) in January, a year-on-year rise of 110.9 billion yuan, central bank data showed on Thursday.
来源:资阳报