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China's effective approach against corrupt officials offers a great lesson for Sri Lanka, which is also a developing country, he said, adding that efforts should be taken to ensure that corruption will never be a stumbling block for the overall development of a country.

China's net export will maintain rapid growth in the second quarter, but because the growth of net import will be faster than the growth of net export, the export will be negative to the economy growth, Lian said.

China's management of its economy is also making Pearce more comfortable. He recently allowed his money managers to invest in Chinese mainland equities directly for the first time in the firm's history.

China's housing market reached 22.3 trillion yuan (about .2 trillion) in 2019 and is expected to grow to 30.7 trillion yuan by 2024, according to the prospectus, citing an industry report.

China's industrial output posted steady growth in the first two months of this year, up by 7.2 percent year-on-year, 1 percentage point higher than in December, official data showed Wednesday.