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The country's producer price index, which gauges factory-gate prices, declined by 3 percent year-on-year in June, narrowing from a 3.7 percent decline in May. Looking at the month-on-month change, the PPI turned positive, up by 0.4 percent, contrasting with a 0.4 percent decline in the previous month.

The country's goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about trillion) in the first 11 months this year, customs data showed.

The country's green finance, an emerging environmental economic policy tool, has seen rapid expansion in recent years. In 2019, its green bond issuance topped billion, ranking second in the world, data from Bloomberg showed.

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The county now has 4,230 residents working as forest rangers. Each of them earns an annual salary of 10,000 yuan from the local forest authority-a decent income in the nation's comparatively less developed southwest region.

The country's private consumption, which has lagged behind the recovery of industrial production and construction, is expected to fully normalize in the second half of the year and will likely be a key growth driver next year, according to Xing.

The current COVID-19 crisis had "accelerated a process that has been going on for several decades," said Kolev. The growth of the Chinese economy, which was already slowing down but still remained relatively high by international standards, had made China an "attractive export market."

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The county is also planning to establish the world's largest guitar museum and a high-end concert hall, according to Wu Qi, the head of Zheng'an county.

The current market cap of the US-listed preschool education company is 4 million, according to the report.

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The country's two-way trade in goods during the period was 16.1 percent higher at .01 trillion, with exports up 12.2 percent at .6 trillion, according to the General Administration of Customs.

The country's new yuan-denominated loans in February stood at 839.3 billion yuan (2.5 billion)-326.4 billion yuan less than in the same period a year earlier, marking a significant decline from a record-high 2.9 trillion yuan in January, central bank data showed.