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Chinese President Xi Jinping (R) holds talks with Chilean President Michelle Bachelet at the Great Hall of the People in Beijing, capital of China, May 13, 2017.[Photo/Xinhua]
China's policymakers have rolled out a raft of measures to cushion the COVID-19 shock. In addition to pumping liquidity into the market and cutting interest rate, China's central bank announced a decision last week to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.
China's railway network will hit 175,000 km (about 108,740 miles) in length by 2025, compared with 127,000 km of operating tracks by the end of last year.
China's presence in Kenya has become second nature to the latter's citizens. Indeed, although China established itself as a development partner about two decades ago, its impact across Kenya's social and economic sectors has been far reaching.
China's tea drinking market is expected to exceed 400 billion yuan (.8 billion) by the end of this year, which will be double the market size of coffee by then, a new report said on Thursday.The report shows a trend in China where tea beveragesfeaturing freshly cut fruit, sweet cheese toppings and freshly brewed tea are appealing to a rising number of consumers.According to the report published by the research institute of tech media 36Kr and tea beverage leader Nayuki, young consumers aged 21 to 30 years old represent the main purchasing power behind tea drinks by accounting for over half of the total consumers.Up to 83 percent of the consumers buy five to 14 cups of tea per month. Some 72 percent spend more than 200 yuan on such tea beverages every month, the report said.