In the next five years, China’s cumulative service imports are expected to exceed $2.5 trillion, which would contribute over 20 percent to the growth of global service imports, according to a report.
Xi unveils opening-up measures
President Xi Jinping announced a number of measures on Monday, including lowered tariffs and eased market access, intended to promote common growth and build an open global economy.
Hungarian Contemporary Art Exhibition opened at the Chongqing Art Museum
On October 17th, the opening ceremony of Hungarian contemporary art was held at the Chongqing Art Museum. The exhibition will last until November 4th and it is free to the public.
Top 10 financial centers in China
Shanghai, Beijing and Shenzhen safely secured their top three spots as financial centers in China, while the country’s major centers saw their competitiveness enhanced, according to the 10th edition of the China Financial Center Index released by the China Development Institute, a think tank based in Shenzhen, Guangdong province.
China’s telecommunication sector grows steadily in August
China’s telecommunication industry has grown steadily with the number of cellphone users growing rapidly in the first eight months of 2018, official data showed.
Private economy thrives thanks to reform policy
Number of self-employed people has risen substantially since 1978. In the 40 years since China began its reform and opening-up, the number of self-employed people in Wuxi, Jiangsu province, has multiplied by 752 times.
Rail route to facilitate foreign trade
Goods from Urumqi in China’s Xinjiang Uygur autonomous region will soon enjoy lower logistics costs and shorter travel time to Azerbaijan, Georgia, Iran and Turkey, as a result of new cargo routes due to open this year.
China just built a 250-acre solar farm shaped like a giant panda
Most solar farms align their solar arrays in rows and columns to form a grid. A new solar power plant in Datong, China, however, decided to have a little fun with its design. China Merchants New Energy Group, one of the country’s largest clean energy operators, built a 248-acre solar farm in the shape of a giant panda.
Belt and Road Initiative in five years
In just five years, the Belt and Road Initiative has grown from a concept to a key platform for building a community with a shared future for humanity and a well-received international public goods.
KPMG optimistic about China’s H2 growth
Consultancy firm KPMG is optimistic about China’s economic growth in the second half of this year, as infrastructure investment is expected to rebound moderately with an accelerated issuance of local government bonds.