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China's exports increased 10.8 percent to reach 15.33 trillion yuan while imports surged 18.7 percent to stand at 12.46 trillion yuan in 2017.

China's consumption upgrade presents many opportunities for BRI economies to export lifestyle-related foodstuffs like sugar, dairy, meat and edible oil to the mainland. Such economies will likely benefit, given their surging production capacity in the agricultural sector, thanks to modern agricultural technologies and solutions made possible by the BRI.

China's nonmanufacturing PMI was slashed from 54.1 for the previous month to 29.6 in February, sending last month's composite PMI, which covers manufacturing and nonmanufacturing activities, to 28.9, versus 53.0 in January.

China's imports jumped 20.9 percent year-on-year to 11.29 trillion yuan (.71 trillion) during the first 11 months of the year, on the back of strong domestic demand for commodities, electrical and mechanical products, the General Administration of Customs said on Friday.

China's exciting AI industry provides great collaboration opportunities to further develop and commercialize our technology. To capture these opportunities, we established a laboratory in Jinan, Shandong province, last year.