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China is a much larger economy. There is not enough potential import demand in the world to continue as a main driver of the economy's growth. It takes longer to grow organically from domestic demand.

China is expected to surpass the United States to become the world's largest themed entertainment market based on attendance volume by 2020, said a report by world's leading architecture and infrastructure design and consultancy company AECOM.

China hopes to work with all parties to boost the confidence of the international community in world economy and multilateral cooperation at the upcoming G20 summit in Osaka, said top Chinese diplomat in Japan.

China has tailored tax cuts and loan programs to help highly vulnerable small and medium-sized enterprises or SMEs to survive and keep paying their employees. Social insurance contributions of employers have been waived for five months and loan payments have been delayed for SMEs. Since the high point of the virus threat appears to have passed, the government has also phased in industrial production and coordinated supply chain resuscitation.

China is expected to have 576 million 5G users by 2025, or over 40 percent of global consumption, according to a report released by global consultancy EY earlier this month.