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China's deleveraging process will likely stretch longer than three years to see a major reduction in credit risk, according to S&P Global Ratings. [Photo/VCG]
China's important global role in environment-related issues is perhaps most obvious in the area of climate change, Veres said. "China has been constantly engaged with the global community in reaching amicable agreements to address one of our globe's biggest concerns."
China's healthcare investment is booming as COVID-19 has led to a surge of interest in related sectors.
China's corporate debt is equivalent to 160 percent of the country's GDP, said Huang Qifan, deputy head of the National People's Congress Financial and Economic Affairs Committee, in June. That means the scale of debt to be converted would be colossal even if a small proportion of the debt is included in the program.
China's express delivery market has posted continuous expansion in recent years, with 20,000 express delivery enterprises and more than 3 million employees, said Feng Lihu, spokesperson with the SPB.