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China's foreign trade in July, though slower than expected, still achieved double-digit growth, as the country maintains steady demand for foreign commodities and continues to diversify its trading with various partners.
China's convenience store sector had more than 100,000 stores and earned revenue of 190 billion yuan in 2017. Despite the double-digit growth rates, operators are still under pressure as rent, labor and utility costs grew 18 percent, 12 percent and 6.9 percent on a yearly basis, according to a report published by China Chain Store and Franchise Association and Boston Consulting Group.
China's economy expanded 6.2 percent in the first three quarters, within the government's annual target of 6 to 6.5 percent.
China's industrial output grew at 6.7 percent in the first three quarters, up from 6 percent a year ago. Retail sales growth was 10.4 percent in the January-September period, unchanged from a year ago, while fixed-asset investment growth eased to 7.5 per-cent, down from 8.2 percent in the same period last year.
China's major industrial firms saw strong profit growth and a decreasing debt ratio in 2017, amid an improving economy, deepening reform, and the government's ongoing deleveraging efforts.
