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China's foreign exchange reserves reached .179 trillion by the end of November, the highest level since August 2016, when it reached .185 trillion. They ended a decline of two consecutive months, which were .128 trillion in October and .143 trillion in September, officials of the State Administration of Foreign Exchange, the nation's foreign exchange regulator, said on Monday.
China's economy beat market expectations to advance 6.4 percent year-on-year in the first quarter, remaining flat with the GDP expansion in the previous quarter.
China's leading electric vehicle maker BYD is planning to found an independent company to run its battery business, which aims to grasp a larger market share in the battery industry at a predicted time of soaring demand for new energy vehicles.
China's largest shipping group is beefing up its operations to compete against global rivals as it pursues business opportunities thrown up by the Belt and Road Initiative.
China's high growth in the wake of the 2008 financial crash reflected its high economic growth potential and the strong growth momentum helped by its full-fledged entry into the global economic trading system in 2001, but it also reflected the very effective policy response to the shock of the crisis, the expert said.
来源：资阳报