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China has edged out its closest European rival, Sweden, to take fourth place in a ranking of the value of global fintech investment deals thus far in 2019, according to a new report detailing global fintech investment trends.

China has been the first major economy to record economic growth since the outbreak of the pandemic. The growth of the country's industrial output further accelerated in August and its domestic consumption and services sector also saw a steady rebound as retail sales returned to growth in August for the first time since this year.

China continues to be the only major economy to show positive growth in 2020 and its GDP growth is expected to reach 8.2 percent next year, according to the World Economic Outlook released by IMF on Tuesday.

China has been accelerating its clean energy shift by optimizing and improving its energy mix. Data from the National Bureau of Statistics showed that in the early years, raw coal accounted for 96.3 percent of total energy production while other types of crude oil accounted for 0.7 percent, and hydropower for 3 percent.

China has also made big strides in fostering a better business environment, as the country ranked 46th place out of 190 countries in the World Bank's newly released ranking list in 2018. While China ranked 78th place for ease of doing business in 2017.