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China's home appliances market, he said, saw explosive growth a bit prematurely, so has been stable for a while now. But, given the consumption upgrade and Chinese consumers' pursuit of high-quality lifestyles, the appliance market has evolved to a stage where products need to be customized and smart, with focus on quality and value offered to the consumer.

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

China's consumer inflation is set to grow at a slower pace for the rest of this year, with the overall price operation level remaining in a reasonable range, the country's top economic regulator said on Tuesday.

China's dairy output has grown rapidly over the years, boosted by advanced livestock farming and large-scale milking techniques, with sharp growth seen in both dairy processing and consumer products, industry leaders said.

China's over-supplied steel sector has experienced years of plunging prices and factory shutdowns due to a sluggish economy. However, with an upward trend in prices since the start of 2016, many steel mills are resuming production.