Out of the overall GDP growth rate of 6.3 percent in the first half of 2019, primary industry, which is mainly agriculture, grew at 3.0 percent. Secondary industry, which consists of natural resource extraction and manufacturing, grew at 5.8 percent, and tertiary industry, which is mostly services, grew at 7.0 percent. Again, this is part of a planned long-term shift toward a more consumption-driven, service-based economy. Now, tertiary industry is 54.9 percent of GDP.
Over the past 10 years, the city has taken full advantage of the demonstration zone to develop a robust IoT industry and has been standing at the forefront of the country's technological development and application.
Over the past decade, Chinese enterprises operating in Africa have launched various programs aimed at empowering the continent's young people by equipping them with practical skills to help the development of their countries' economies.
Ouyang Minggao, a member of the Chinese Academy of Sciences, said safety is a crucial aspect of EV development. "The Blade Battery features exceptional safety. Besides, it supports high mileage. The new product demonstrates the future trend of the industry," he said.
Outside the ambit of corporate spotlights, without seeking to hog the limelight, China's financial institutions, or FIs, are quietly bringing about a revolution in the way critical funding reaches the real economy.
Over the past few years, AI-related collaboration between China and the United States has been speeding up, including the one between Microsoft and Chinese universities, said Paul Triolo, practice head of geotechnology (Geo-Cyber) at Eurasia Group.
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Over the past decade, China's major airport clusters began to take shape in Beijing-Tianjin-Hebei Region, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu-Chongqing economic zone, which are economically important areas.
Over the past three years, China's economic aggregate has topped 70 trillion yuan, 80 trillion yuan and 90 trillion yuan, respectively. Last year, China's economic aggregate reached 90.03 trillion yuan, accounting for nearly 16 percent of the global economy, while its per-capita GNI reached ,732, higher than the average level of middle income countries.
Overseas travel remained popular, with Chinese tourists from nearly 200 cities visiting 68 countries and regions during the holiday.
Overseas gold production by Chinese companies reached 35 tons by the end of 2017. China imported more than 854,150 tons of raw materials worth more than .69 billion in 2017.