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China's economy has recovered quickly from the COVID-19 outbreak, thanks to the resolute containment of the epidemic and the relatively effective policy stimulus. Globally, most of the economies still have a long way to go before they can see a full recovery after the COVID-19 induced plunge in output, said the experts.

China's manufacturing PMI has been in positive territory for 16 consecutive months.

China's economy expanded 6.9 percent in 2017, picking up for the first time in seven years and well above the government annual target of around 6.5 percent.

China's four major power generation groups have asked the National Development and Reform Commission, the country's top economic regulator, to increase coal supplies and regulate, reduce coal prices after snowstorms sweeping across central and southern provinces led to major losses for the thermal power sector.

China's electric-car maker BYD on Wednesday celebrated the production of the 300th bus at its Lancaster, California manufacturing plant, a milestone hailed by some officials as a successful example of US-China business collaboration and a great step toward reducing pollution.