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China's property market has remained depressed due to the social distancing amid the outbreak, as nationwide property sales-both by area and by value-dropped nearly 40 percent year-on-year in the first two months of the year, according to the National Bureau of Statistics.
China's reform and opening-up has opened up new vistas for the country while lifting more than 800 million people out of poverty. The use of social and scientific innovation in economic growth and technology, and a focus on "made in China", apart from reforms at all levels, including industry, education, health and other important areas, are reasons behind the country's progress and prosperity.
China-Philippines ties also go beyond trade ties. As Deng Jun, country head for Bank of China's branch in Manila, noted in his speech, the two countries can also deepen their financial cooperation.
Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a bank in Beijing. [Photo/Agencies]
China's top coal miner China Shenhua Energy Co Ltd delivered its strongest interim results in four years, while oil giant Sinopec reported its best six-month profit since the second half of 2014, joining a slew of major State firms reporting earnings that beat their forecast.
来源：资阳报