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Chinese financial regulators once worried local governments' contingent debt, or the debt out of the balance sheet, might expand fast due to some illegal borrowing disguised as PPP equity funding. The government pushed the deleveraging process by cracking down some high-risk projects and constrained some financing channels, resulting in a slowdown of fixed-asset investment growth to 5.9 percent last year.
Chinese companies lead in global 5G patent applications, with Huawei ranking first according to a report by IPlytics, an authorized patent data company.
Chinese brands such as Huawei, Ping An, State Grid, Evergrande, ICBC, Yili, Haval, Wuliangye and many others "are now being recognized worldwide as quality brands," said Haigh. "We expect to see this develop rapidly in more and more sectors."
Chinese internet giants Tencent and Alibaba have become two of the top 10 most profitable companies in the country, according to China's latest Fortune 500 list, released on Tuesday.
Chinese courts have concluded the trials of some 2.3 million civil cases, 228,000 criminal cases and 40,000 administrative cases of first instance in the first quarter this year.
来源：资阳报