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China's economy enjoys strong resilience and flexibility despite the coronavirus, and is capable of retaining a relatively high rate of growth for the long run, according to a new report released on Tuesday.

China's financial sector did not stop opening up amid the epidemic. For example, Oaktree Capital Management, a global asset management firm focused on alternative markets, established a wholly owned subsidiary in Beijing in February. China's central bank also approved an application from Mastercard's Chinese joint venture to conduct bank card clearing business in the country. More foreign financial institutions are expected to be established and cooperation projects landed in China in the second half of this year. The Chinese economy has shown strong resilience amid the COVID-19 pandemic, said Leo Yin, manager of Deutsche Bank China Beijing Branch.

China's express delivery business has experienced ups and downs this year because of the COVID-19 pandemic. The industry witnessed a decline in January but started to pick up in February. Since the second quarter, the sector's annual growth rate has exceeded 30 percent, with 50 billion parcels delivered by the end of September.

China's current land administration law was adopted in 1986 and amended in 1988, 1998 and 2004.

China's internet powerhouses are striving ahead as pioneers in a government-led reform to shake up the country's bloated State-owned enterprises.