The China market is quite sizable. Some industry analysts are forecasting that China's third-party logistics market will grow at a CAGR (compound annual growth rate) of 17 percent between 2018 and 2021. From our vantage point, continued economic growth, the e-commerce boom and the trend to outsource one's logistics needs make China a critical part of DPDHL Group's global growth and strategy.
The Chinese New Year, also known as Spring Festival, is the most important traditional festival for people of Chinese origin, featuring family reunions, feasts and performances.
The China-Europe train service has developed prosperously in Yiwu since it was first launched in the city in 2014.
The China Banking and Insurance Regulatory Commission, the industry regulator, has already enacted a series of measures since the beginning of this year to ease the financing woes of private enterprises, including monetary policy measures and financial inclusion, said Wang Zhaoxing, vice-chairman of the CBIRC, at a news conference on Tuesday.
The Chinese embassy in New Zealand said that the New Zealand police confirmed that none of the 14 dead were Chinese nationals. Although being seriously injured, the treatment effect is good and the duo's conditions are basically stable.
The Chinese Consulate General in New York said it had coordinated with the relevant airlines to properly arrange the on-site placement of stranded Chinese passengers. While meeting the various epidemic prevention and control requirements, it has assisted the airlines in contacting relevant parties and is working to advance follow-up arrangements.
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The Chinese government has been rolling out several measures including cutting bank reserve requirement ratios to ensure adequate liquidity in the financial system. Still, Li stressed at a cabinet meeting, "the prudent monetary policy hasn't changed and will not change," he said according to a statement published on the State Council website. "And we never resort to 'flood-like' stimulus."
The Chinese economy is shifting to a consumption-led growth model to wean itself from reliance on exports and investment. Consumption accounted for 58.8 percent of economic growth last year.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.54 percent to close at 2,732.15 points Friday.
The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, surged 3.07 percent to close at 1,806.86 points Tuesday.