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China's non-financial investment to economies involved in the Belt and Road Initiative totaled .4 billion last year, up from 8.5 percent in 2016.
China's financial hub Shanghai has the strongest consumption ability in the country, Chinese financial news outlet Yicai reported Sunday.The capital city of Beijing came in second, followed in third place by Guangzhou in South China's Guangdong province on the list of top 10 Chinese cities with the strongest consumption ability.The list was formulated on the basis of 40 major Chinese cities' total retail sales of consumer goods, an important indicator of a city's consumption ability. Shanghai's total retail sales of consumer goods in 2018 reached 1.27 trillion yuan (5 million), up 7.9 percent year-on-year. Online retail sales of consumer goods saw a 15.8 percent year-on-year growth to 150.67 billion yuan last year, accounting for 11.9 percent of the total, according to data from the Shanghai Municipal Statistics Bureau.During the same period, Beijing's total retail sales of consumer goods grew 2.7 percent to 1.17 trillion yuan, becoming the only two members of the trillion-yuan club together with Shanghai.As a center for commerce, transportation, logistics, education and medicine in South China, Guangzhou boasts many professional retail markets and its total retail sales of consumer goods hit 925.6 billion yuan last year.Compared with northern Chinese cities, southern Chinese cities have a faster growth rate of total retail sales of consumer goods due to differences in industrial structure, according to the report. In general, southern Chinese cities' per capita disposable income is also higher than northern Chinese cities, which need to accelerate industrial transformation, the report said. Developing the night economy has been an important measure to stimulate the vitality of consumption and release consumption potential in various Chinese cities.
China's growth momentum is important "for countries that are connected to the Chinese economy through global value chains", where demand from China is an engine for growth, IMF Managing Director Kristalina Georgieva said in mid-October.
China's forest parks saw about 700 million visits in the first six months of this year, up 16.7 percent year on year and creating output value worth 550 billion yuan.
China's forex reserves rose for the eighth month in a row in September as pressure from capital outflow eased.
来源：资阳报