This is one of the findings in McKinsey's latest survey depicting the latest digital trends in China, where a large pool of younger consumers in China's lower-tier cities and townships are poised to be the next driver of growth.
This is in addition to a surge in scholarships offered to government employees to undertake short-term courses in China to share best practices and promote people-to-people exchanges.
This is another setback after Anbang abandoned its billion bid for Starwood Hotels & Resorts Worldwide last year.
This transcontinental arrangement, one of many multilateral initiatives in which China has played an active role, will have far-reaching consequences for market integration in the Asia-Pacific and beyond, said Akhtar, who is also the executive secretary of the UN's Economic and Social Commission for Asia and the Pacific.
This performance both at home and abroad was due to efforts to transform and upgrade product structure, operational modes and efficiency, as well as growing investment in the area of developing new energy vehicles and intelligent systems, industry experts said.
This month, the one-year loan prime rate was left unchanged at 3.85 percent, the People's Bank of China, the central bank, reported on Wednesday.
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This growing demand has prompted a string of apps to emerge. Though figures are not available showing how many apps there are in the country, there are at least 200 mini programs related to waste classification and recycling within Tencent's WeChat.
This drop came as authorities enhanced regulation of the sector to defuse financial risks as the country has listed preventing major risks as one of the country's "three tough battles" for the next three years.
This is 70.5 percent lower than the quarterly average over the last five years of .1 billion.
This story began?with the notion that a?consumer trusts Amazon to?deliver as promised. When it comes to shopping, that’s knowing a package will?arrive at your home or office. Amazon has also gained that trust in the e-reader market. It made it easy to buy and read books. Can Amazon gain a reputation for delivering even more?