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China is only one link of the global supply chain and the US estimate of the trade surplus is exaggerated by about 20 percent, he added.
China has significantly aided Porsche recover its business lost during the coronavirus pandemic and the country is expected to play an even more important role in the post-pandemic era, said the German premium sports carmaker's CEO Oliver Blume.
China is likely to become the world's largest local government bond issuer within five years — given the fast growth of the Chinese version of municipal bonds — as a way to facilitate debt restructuring reforms and further strengthen fiscal consolidation, an expert told China Daily.
China is still 10 to 15 years away from reaching tech parity with the United States, the report said.
China has the world's largest high-speed rail network. By the end of 2018, the total railway operation mileage reached 131,000 km, five times higher than 1949, while the high-speed railway exceeded 29,000 km, accounting for more than 60 percent of the world's total.
来源：资阳报