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China's economy experienced a deep contraction in the first quarter due to disruptions caused by the novel coronavirus outbreak, but major economic indicators improved substantially in March, indicating the country's recovery has gained a firmer footing, officials and economists said on Friday.
China's foreign exchange reserves slipped to .125 trillion at the end of April, down by about billion or 0.57 percent from March, officials announced on Monday.
China's forex market sentiment and participants' behavior were more rational and stable, according to Wang.
China's e-commerce behemoth Alibaba Group Holding Ltd and global coffee giant Starbucks announced on Thursday a deep, strategic new retail partnership to transform the country's coffee industry.
China's fiscal revenue rose 4.3 percent year-on-year in July, the second consecutive month of growth, as the country's economy continued its recovery from the novel coronavirus epidemic and local government debt continued to shore up investment, the finance ministry said on Wednesday.
