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As the news portal reported, Shanghai, the No 1 city in terms of total retail sales of consumer goods from 2016 to 2019, still ranked first in first five months this year, with total consumption volume registering 549.92 billion yuan (.53 billion), becoming the only city nationwide with social spending exceeding 500 billion yuan. In May, Shanghai's total retail sales of consumer goods hit 129.07 billion yuan, increasing 0.6 percent from the previous year, and the monthly growth rate turned positive.

As the pandemic swept other parts of the world, fast-recovering Chinese companies are playing a role in stabilizing the global industrial supply chain.

As the European proverb goes, "Falsehood, like a nettle, stings those who meddle with it". In face of the gathering clouds of trade war in North America, Asia and Europe, it is time for the "silent majority" to muster the courage to expose the lies of the American politicians, oppose trade bullying, and stand up against protectionism and unilateralism. If the world economy is to stay open and outward-looking, and work in the interests of all, then the authority of the World Trade Organisation must be upheld.

As the growth of China's investments, exports and consumption declined significantly between 2013 and 2018, so did its GDP growth rate, mainly due to the nosedive in fixed-asset investment growth.

As the only foreign invested company in the top 20 P&C insurers in China, AXA Tianping ranked 15th among China's P&C insurers in 2017 with 1 billion euros (.13 billion) of gross written premiums.