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China's economy has maintained rapid growth over previous decades, but it still does not produce the full range of goods and services that increasingly wealthy domestic consumers demand, according to a report released by the think tank.
China's foreign trade with the Association of Southeast Asian Nations, its largest trading partner, jumped 6.6 percent year-on-year to 2.51 trillion yuan during the seven-month period, while its trade volume with the European Union grew 0.1 percent on a yearly basis to 2.41 trillion yuan.
China's foreign direct investment, or FDI, to Europe last year totaled .52 billion, a rise of 59.6 percent year-on-year, with most of it going to the Netherlands, Sweden, Germany and the United Kingdom.
China's e-commerce giant Alibaba announced it is setting up a special 1 billion yuan fund to support medical supplies in Wuhan, the epicenter of the novel coronavirus outbreak. The fund will be used to purchase medical supplies and medicine from home and abroad, and will be delivered to hospitals in Central China's Hubei province.
China's manufacturing activities, measured by the official Purchasing Managers Index, softened in October after two consecutive months of expansion, the National Bureau of Statistics said on Tuesday.
