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China's insurance market is promising growth and foreign investors are upbeat on the market, said Wang Xiangnan, secretary-general of Research Center for Insurance and Economic Development under Chinese Academy of Social Sciences.
China's online travel service platform Ctrip is expanding its presence in the Japanese tourism market, considering the rapid growth in the number of Chinese visitors to Japan in recent years.
China's non-financial ODI in 48 countries participating in the Belt and Road Initiative rose 7 percent year-on-year to .3 billion during the period. [Photo/VCG]
China's economy faces relatively heavy pressure due to difficulties and challenges caused by the intertwined structural, institutional and cyclical problems, which have been compounded by the COVID-19 outbreak, Xi said while joining political advisers from the economic sector at a panel discussion during the third session of the 13th National Committee of the Chinese People's Political Consultative Conference.
China's growth story is expected to sustain as the economy continues rebalancing toward greater domestic consumption and services, the OECD report said.
