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The manufacturing sector in China recorded better-than-expected growth in November, as the latest survey by Caixin showed, adding some promising signs to the economy though downward pressure persists. 

The loan will focus on three provinces in China, including Hubei, Guangdong and Henan, hit hardest by COVID-19. It will finance urgent and unexpected public health expenditures, including purchases of equipment and emergency supplies, and support the building of hospitals and labs, the Ministry of Finance said.

The market has been roiled by the uncertainty created by the coronavirus.

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The letter attached a breakdown of the debts from July 2012 to February 2018 showing the total amount overdue, ThePaper reported.

The low volume of African exports to China has been a concern for a long time, and the depth and complexity of China's economy make it difficult for many African countries to compete, he said, resulting in African countries exporting more raw products to Beijing and importing high value-added products in return.

The main products for export were transit rail axles, cranes, and excavators, according to the company. The company has also seen a slight increase in exports of wear-resistant parts and fan shafts.

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The management model used to improve the quality of the tea has raised the price. The annual income tea growers earn from a hectare of plantation has increased from 30,000 (,392) yuan to 90,000 yuan in recent years, according to official data.

The list also eased restrictions in the cultural sector, as foreign investors will be allowed to own a majority stake in performing arts agencies.

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The market capitalization of 172 listed Chinese internet companies amounted to 10.19 trillion yuan ( trillion) in Q1, up 27.4 percent month on month, the report showed.

The law, which aims to regulate the selection and clarify the duties of people's assessors - citizens who observe case hearings and share their opinions on the evidence presented in court - was adopted at the bimonthly session of the Standing Committee of the National People's Congress, the country's top legislature, on April 27.