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China's investment in fixed assets rose 8.9 percent year on year in the first four months of 2017, easing pace from 9.2 percent in the first quarter but reflecting the ongoing restructuring of the economy, as investment growth rate in the service sector far exceeded the industrial sector.
China's opening up offers mutual benefits to the world. In 2018, China's GDP accounted for 16 percent of the world's total, but its contribution to world economic growth remained at nearly 30 percent.
China's economic output in the fourth quarter of 2020 is on track to be higher than Capital Economics' forecast a year ago and the economic output would remain above trend for much of 2021, according to the note.
China's leading insurer Ping An took the top spot in the world in fintech patents by filling 1,604 patents last year, according to a report released by the World Intellectual Property Organization.
China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year-on-year in March, the National Bureau of Statistics said Wednesday.
