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China's insurance sector ran smoothly with dropping leverage rates and risks generally under control in Q2. [Photo/VCG]

China's exports and imports have leapfrogged in decades of reforms and opening-up, especially after China's entry into the WTO in 2001.

China's faster rebound is a rare positive for a global economy still clawing its way out of its worst slump since the Great Depression. The International Monetary Fund sees global output by the end of 2021 being 0.6 percent higher than the end of 2019, driven almost entirely by China, Bloomberg reported, and the proportion of worldwide growth coming from China is expected to increase from 26.8 percent in 2021 to 27.7 percent in 2025.

China's convenience store sector had more than 100,000 stores and earned revenue of 190 billion yuan in 2017. Despite the double-digit growth rates, operators are still under pressure as rent, labor and utility costs grew 18 percent, 12 percent and 6.9 percent on a yearly basis, according to a report published by China Chain Store and Franchise Association and Boston Consulting Group.

China's non-financial outbound direct investment from January to November fell 33.5 percent year-on-year.