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China's vast market has generated huge profits for EU companies, and Chinese investment in Europe has created a large number of jobs and increased tax revenues, said Zhang Ming, Chinese ambassador to the EU. "China and the EU are already highly interdependent."
Chinese NEV startup Nio shows its ec6 model at the 2020 Beijing auto show.[Photo by Zhang Dandan/China Daily]
China's total debt level declined in 2018, but its debt-to-GDP ratio－which stood at slightly above 250 percent as of the third quarter of 2018－is still "on the high side" among major economies, Schuknecht said.
China's trade in services surged by 8.8 percent year-on-year to 3.4 trillion yuan (8.7 billion) between January and September, said the Ministry of Commerce on Tuesday.
China's securities regulator released rules on China Depositary Receipts and initial public offerings on Wednesday night, a move to expand channels for innovative companies to list on the mainland's A-share market.
