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China's major oil and gas companies are expected to face fewer headwinds in the second half of this year despite their profit drops during the first six months, as the novel coronavirus epidemic lockdowns and sagging global oil prices dented their profit margins.
China's financial system is stable, with the systemic risk under control thanks to the steady growth of social financing and strengthened profitability in listed companies in the first half of this year, Guo Shuqing, Party secretary of the People's Bank of China, the central bank, and chairman of the China Banking and Insurance Regulatory Commission, said in a Thursday interview with the bank's newspaper, Financial News.

China's music industry emerges as a global powerhouse as streaming services boost revenues, IP protection improves
China's economy has grown rapidly since then, becoming the world's second largest and an engine of world economy, and contributing more than 30 percent of global growth.
China's economy grew by 4.9 percent year-on-year in the third quarter. The country has been projected by major international organizations to be the only major economy to record growth this year. The International Monetary Fund forecast in its latest economic outlook that China's GDP will expand by 1.9 percent this year.
来源:资阳报