This year, China's elderly consumption market is expected to hit 3.79 trillion yuan (3 billion). Still, spending by the elderly constitutes a relatively small part of total social consumption, according to a report released by the China National Committee on Ageing.
This would be different from the way Amazon has been using New York subways to speed up its Prime Now one-hour urban deliveries. In that case, Amazon’s delivery people are themselves using public transit as a faster way to deliver packages directly to the customer.
This year, Sun was able to sleep soundly every night thanks to modern technology. "Someone else took care of the seeds for us, and they did an even better job," he said.
This upgrading is driven primarily by Chinese firms competing in China's highly competitive markets. Senior leaders of tech companies tell me that the Chinese tech market is much more competitive than Silicon Valley is. Many Americans stress the roles of State-owned enterprises and government R&D or investment subsidies, but these factors are small compared to the role of China's competitive entrepreneurial firms.
Though China's share of the global GDP is projected to hit 18.56 percent by year end, the share of the renminbi in global reserves hovers at 2 percent currently, the IMF said. The currency is now the sixth most used currency in international payments and is used to settle about 20 percent of China's trade, the IMF added.
This year marks the first time that Volvo Group has an independent exhibition at the CIIE, which offers a good opportunity to be more seen and more noticed in China, Gurander said.
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This trend is expected to help travel agencies in the European Union that facilitate railway tourism in the region achieve double-digit growth.
This year, sales of pet healthcare products in China are expected to reach 20.8 million yuan (.13 million), up 9 percent year-on-year, according to market research provider Euromonitor International.
Those who make remedial payments to tax authorities for unpaid taxes will be exempt from administrative punishment and penalties, Xinhua reported on Monday, citing a statement released by the State Administration of Taxation on Oct 2.
Those who do not show symptoms are routed to the exhibition center, about 8 kilometers from the airport, for further checks before heading to quarantine sites.