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China's GDP expanded 6.9 percent year on year in the first quarter, up from the 6.8-percent growth of the previous quarter and 6.7 percent in 2016.

China's GDP growth is on track to reach pre-pandemic levels this year thanks to the country's timely and efficient epidemic control measures, according to Madhavi Bokil, Moody's vice-president and senior credit officer.

China's AuM rose to .2 trillion last year, up from .4 trillion in 2016 and .5 trillion at the end of 2012. The growth was spurred by China's high household-savings rate and reforms that have encouraged pension funds and insurers to use asset managers, the report said.

China will help domestic companies to import meat, vegetables, fruits and dairy products from Europe through the cargo train service, to meet the growing domestic demand, said the circular.

China's car industry has been rich in development, and 2019 has been no exception. Here's a recap of the top 10 automotive news stories China Daily published throughout the year.