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China's outbound direct investment in BRI economies reached 7.31 billion during the period. By the end of 2019, ODI stock was 9.47 billion, or 8.2 percent of China's total.
China's fiscal deficit increased from 2.18 trillion yuan in 2016 to 2.76 trillion yuan in 2019. This year, it was raised to 3.76 trillion yuan to mitigate the negative effects of the COVID-19 pandemic. The fiscal deficit ratio has risen to 3.6 percent of GDP this year, the highest level since the founding of the People's Republic of China in 1949, according to the ministry.
China's foreign direct investment climbed 7.2 percent year-on-year to 478.33 billion yuan (.69 billion) in the first half of 2019, official data showed Thursday.
China's leading electric vehicle maker BYD on Monday signed a contract for 200 electric trucks with a Brazilian firm, marking the company's largest order for e-trucks in the international market.
China's online healthcare sector is set to boom in the next few years. [Photo/IC]