Over the past three decades, China's relationship with the World Bank has been evolving, in that the country has shifted from being a "major borrower" from the World Bank to "becoming more of a donor" to the institution and its shareholders, said Malpass. "We value that constructive relationship."
Our products of iron ore, aluminium, copper, diamonds and industrial materials are widely used in aircraft, cars, smartphones and hospitals, and, of course, throughout our homes.
Over the past two decades, the Chinese economy has expanded at a relatively brisk pace. But at the same time, it has frequently been forced to cope with shocks triggered by unexpected contingencies, such as the 1997-98 Asian financial crisis, the 2003 severe acute respiratory syndrome epidemic, the 2008 earthquake in Sichuan province, the global financial crisis in 2008 and 2009, trade disputes with other nations and the current novel coronavirus epidemic.
Outside of China, it has more than 2 million registered drivers. Its overseas business has increased tenfold in the past two years.
Ouyang Shijia and Wang Zhuoqiong in Beijing contributed to this story.
Over 1.5 million tourists have arrived in the country so far this year with the government recently announcing they were expecting to achieve a 2.5 million arrival target by the end of 2017.
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Overall, public debt is expected to "stabilize" in 2021, spurred by low interest rates and a projected strong rebound in economic activity in the baseline, the authors said, though "caution is advised."
Over the past year, various sports-related activities have been held in an effort to share knowledge ahead of the 2022 Beijing Winter Olympics.
Over 2.14m sign in six days in support of proposed law for Asian financial hub
Over 78 million migrant workers have returned to their workplaces as China meticulously expands business operations amid the ongoing novel coronavirus outbreak, said Ministry of Human Resources and Social Security on Saturday.