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China's home appliance sector saw steady growth in the first half of 2019, with total revenue reaching 429.7 billion yuan, according to a report released by the China Center for Information Industry Development under the Ministry of Industry and Information Technology.

China's economy can maintain steady and healthy development in 2019, although the November economic data indicates that downward pressure is piling up, the spokesman for the National Bureau of Statistics said on Friday. [Photo/VCG]

China's foreign trade is expected to show a stable recovery in the second half of the year on the back of a notable improvement in the industrial, supply and service chains as well as from major trade events like the upcoming Canton Fair and the third China International Import Expo, industry experts said on Wednesday.

China's monetary stimulus has been restrained compared to other major economies. In 2020, Chinese M2, a broad measure of the money supply, has risen at a growth rate of between 10.5 and 11.5 percent, compared to 8.0-8.5 percent in 2019.This additional money flowing into the economy is only enough to result in a mild increase in inflation in the worst case scenario.

China's investment in property development grew 10.3 percent year on year in the first 10 months of 2019 to 10.96 trillion yuan, according to the National Bureau of Statistics.