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Chinese State-owned enterprises reported solid profit growth in the first two months of 2018 as the economy kicked off the year with better-than-expected performance, official data showed Wednesday.

Chinese policies rolled out earlier this year include allowing foreign-funded institutions to conduct credit rating businesses on all types of bonds in China's interbank and exchange bond markets, and a transitional period for raising the foreign ownership cap on life insurers from 51 percent to 100 percent bringing forward to 2020 from 2021.

Chinese investors also pledged the highest amount of FDI to Nepal in the last fiscal year. It is the five years in a row that China topped the chart in committing the FDI to the country.

Chinese business owners from Chinatown in Santo Domingo have played a key role in coordinating the collection and deployment of community aid. Despite their businesses being closed, many have been able to help.

Chinese authorities are expected to use monetary tools and strengthen government spending to slow the weakening of economic activity due to the novel coronavirus outbreak, and to ensure ample liquidity to prevent a sharp sell-off when financial markets reopen on Monday.