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China's economic recovery continued to gather steam with improving major economic indicators including retail sales of consumer goods, industrial output, the export of goods and the purchasing managers' index for the manufacturing sector. The country has become the only major economy projected by the World Bank to achieve positive growth in 2020.
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 forex market sentiment and participants' behavior were more rational and stable. [Photo/IC]
China's manufacturing PMI has been in positive territory for 16 consecutive months.
China's maturing economy is undergoing important changes that have resulted in a slowdown in GDP and trade growth. Even so, US exports of goods and services to China have grown faster than exports to any other major US trading partner over the past decade, the report said.