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China's development has pushed the global economy, and its contribution to world economic growth exceeded 30 percent in 2017, government data show.
China's equity market, however, experienced net capital outflows of 179.9 billion yuan (.43 billion), compared with a net inflow of 193.5 billion yuan in the first quarter of last year, official data showed. The global equity markets at the same time suffered the fastest drop in history and the asset price declines reached about half the magnitude seen in 2008 and 2009 at the worst point of the sell-off.
China's currency fell below the key 7-per-dollar level on Monday for the first time since the 2008 financial crisis, rattling markets worldwide and sending US stocks to their biggest drop of the year.
China's economy expanded faster than expected from January to June, with GDP surging 6.9 percent year-on-year to about 38.2 trillion yuan, data from National Bureau of Statistics showed.
China's electric vehicle maker BYD was a major part of the largest order of electric buses in American history.
