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China's fiscal spending expanded 15 percent year on year to more than 5.86 trillion yuan in Q1, according to the ministry.
China's other actions, which included the ramping up of testing and contact tracing to isolate new cases, the rapid construction of temporary hospitals to treat patients, as well as the deployment of some 42,000 medical workers to Wuhan, enabled the country to largely control the virus' spread within Hubei.
China's co-working space unicorn Ucommune, for instance, purchased three co-working space operators Hongtai New Space, Wujie Space and Wedo Union this year. Its market value was estimated to reach 11 billion yuan (.75 billion), and it had 160 operations globally, attracting more than 6,000 enterprises.
China's gross domestic product (GDP) has grown exponentially for the past 20 years through innovation that created leading industries in certain areas, resulting in the significant improvement in the quality of people's life, he noted.
China's leverage ratio narrowed by 1.1 percentage points in the first quarter of the year from the same period last year, while enterprises saw their debt gauge 2.4 percentage points lower and governments' down 0.7 percentage points.
来源：资阳报