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China increased its deficit by 1 trillion yuan (9.5 billion) and issued 1 trillion yuan in special COVID-19 response bonds as part of a more proactive fiscal policy, with the Cabinet setting up a special transfer payment mechanism to funnel the 2 trillion yuan directly to prefecture and county governments.

China has proved to be the fastest-growing market where Jordan has achieved double-digit growth, according to the company's 2018-19 financial report.

China is the world's biggest developing country, and also the second-largest economy and second-largest importer and consumer.

China imported 105.65 billion yuan worth of integrated circuit products including microprocessor chips, chip capacitors and analog-to-digital converters from the ASEAN markets in the first three months of this year, up 25.8 percent on a yearly basis, accounting for 23.4 percent of China's total imports from the bloc, according to Customs data.

China has successfully transformed the economy structurally as well. From heavy industry to high-tech, China is globally competitive across the range. The country has emerged not only as a global innovation powerhouse, but a true global leader in many respects.