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Back in 1978, most Chinese had never seen a passport. On Aug 27 this year, the United Nations World Tourism Organization reported that in 2017, Chinese tourists spent 8 billion on international tourism, almost one fifth of the world's total tourism spending, and in the first half of this year, Chinese made 71 million trips overseas.
BYD projected that its net profit for the whole of 2019 would decrease 36 percent to 43 percent to a range of 1.58 billion yuan to 1.77 billion yuan.
Bain also predicted outbound deals cooling down given Beijing's tighter rules on overseas investments and stricter scrutiny of Chinese investment by foreign regulators, but added that the drop would only be temporary and affect mostly State-owned enterprises.
Baofeng Group Co Ltd, a Beijing-based internet entertainment and technology company, is betting big on the AI-enabled TV. Feng Xin, its chief executive officer, said the company will concentrate on its TV business in the next year, which means its previous investments in virtual reality and online video markets will slow down.
Banks and financial institutions should continue with financial system reform, and large lenders should set up inclusive finance divisions by the end of this year, according to Guo Shuqing, chairman of China Securities Regulatory Commission (CSRC).
来源：资阳报