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China's economic size and key position in worldwide industrial links mean that while there can be significant disruption to crucial supply chains amid global spillover effects of the novel coronavirus outbreak, any negative impact will most likely be stemmed by measures for the national economy to get back on track, according to a major industry report.
China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.
China's exports grew 9.9 percent in dollar terms in September from a year earlier, while imports rose 13.2 percent, the customs administration said. Economists earlier forecast that exports would increase by 10 percent while imports would edge up 0.4 percent.
China's economy is rebalancing itself, adding dependence on domestic demand with consumption, innovation, and higher labor productivity. It is also reducing reliance on debts for growth and steadily improving its inherent dynamism, Liu said.
China's domestic excavator brands and local branches of international brands together sold 14,397 excavators in April, up 101.1 percent year on year, the association said in a report.
来源：资阳报