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Banks' new lending in yuan surged to 1.12 trillion yuan (9.69 billion) in November, almost double from October's 663.2 billion yuan, and it was much above the market's expectation of about 800 billion yuan, compared with 1.27 trillion yuan in September, according to the official data.

Baiyunbian liquor adopts Chinese traditional winemaking techniques. Revenue from sales reached 4.35 billion yuan (3 million), with a tax quota of 790 million yuan, in 2016.

Baofeng Energy Group in Northwest China's Ningxia Hui autonomous region has modified part of its production lines to produce polypropylene, a raw material for masks, to ease the shortage of mask materials. [Photo provided to chinadaily.com.cn]

Bahar says China has contributed significantly to this jump in 2020 and the IEA expects the country's renewable energy capacity to grow by 30 percent this year – a big increase compared to 2019.

Based on its closing price, Youon's market capitalization was 3.7 billion yuan on day one. Sun Jisheng, founder of Youon who holds 35.72 percent of the company, saw his personal wealth swell to 1.3 billion yuan.