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China's new economic growth pattern will fuel its resilient recovery, but stronger international coordination is needed to support the global economy and avoid a severe recession this year, experts said.
China's financial sector has been long dominated by the banking system, or "indirect financing system", compared with relatively weaker equity financing.

China's foreign exchange reserves expanded to .101 trillion at the end of May, marking the highest level in nine months, according to the State Administration of Foreign Exchange.
China's gross domestic product (GDP) is expected to have a growth of 6.3 percent in 2019 and 5.9 percent in 2020, but there is a big uncertainty surrounding the Chinese economy, the report said.
China's foreign trade expanded 4.6 percent year on year in October, with exports jumping 7.6 percent year on year and imports climbing 0.9 percent in yuan terms, China's General Administration of Customs (GAC) said in a statement.
来源:资阳报