China's gross ocean product rose 6.2 percent year on year to top 8.9 trillion yuan in 2019, doubling over the amount a decade ago. The gross ocean product has accounted for around 9 percent of gross domestic product for nearly 20 years.

China's local governments have issued 1.9 trillion yuan worth of bonds in the first four months of this year at an average interest rate lower than last year. The bonds were issued at an average interest rate of 3.31 percent, down 16 basis points from last year, with an average issuance term of 15.5 years, 5.2 years longer than in 2019.

The city of Yiwu in Zhejiang Province in east China, home to the world's biggest small commodities market, handled 1.47 million consignments of cross-border parcels in April, up 867.2 percent year on year. The China-Europe freight train service, launched in Yiwu in 2014, has become a new channel for international transportation of goods amid the COVID-19 pandemic.

(Source: Xinhua News Agency) 

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