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Commercial lenders reiterate commitment to increase financing for the sector
Coffee consumption in China has increased year on year, at an average growth rate of 20 percent per year. It is expected that the value of domestic coffee consumption will reach more than 600 billion yuan in 2020.
Commissioned by General Secretary of the CPC Central Committee and Chinese President Xi Jinping, Zhao, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, conveyed condolence to the late president's family on behalf of Xi, the CPC, the Chinese government and the Chinese people.
Compared with the United States and European countries such as the UK, France and Italy, the domestic market is still dominated by baijiu, a Chinese traditional liquor, which contributed about 60 to 70 percent to the whole alcohol market of up to 900 billion yuan (2 billion).
Commercial banks, an important part of the nation's financial system, are expected to pump funds more proactively to support China to achieve the annual growth target. However, they need to be cautious under the tight scrutiny requiring lending activities to be "out of the shadows", they said.
来源：资阳报