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China's financial sector did not stop opening up amid the epidemic. For example, Oaktree Capital Management, a global asset management firm focused on alternative markets, established a wholly owned subsidiary in Beijing in February. China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country. More foreign financial institutions are expected to be established and cooperation projects landed in China in the second half of this year. The Chinese economy has shown strong resilience amid the COVID-19 pandemic, said Leo Yin, manager of Deutsche Bank China Beijing Branch.
China's economy has shown signs of firming, reinforced by an expanding manufacturing sector, rising corporate profits, increased rail freight volume, and higher machinery sales.
China's deleveraging process will likely stretch longer than three years to see a major reduction in credit risk, according to S&P Global Ratings. [Photo/VCG]
China's industrial output and investment growth picked up in October, while retail sales weakened, the National Bureau of Statistics said on Wednesday.
China's logistics industry has recovered steadily in the first four months of the year, China Federation of Logistics and Purchasing said on Thursday.
来源：资阳报