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China is expected to replace South Korea as the world's largest flat-panel display producer in 2019, a report from the China Video Industry Association and the China Optics and Optoelectronics Manufacturers Association said.
China is ABB's second-largest market, with no country-specific revenue being disclosed. The company said it has accumulated a compounded annual growth rate of 20 percent in the country from 2000 to 2018.
China is investing to improve its infrastructure and reducing taxes and administrative costs for private companies. The plethora of measures employed this year to improve credit conditions are also having an impact. While leading economic indicators still point to weaker growth, there has been some stabilization in hard data such as car sales and freight activity.
China is in the middle of capacity cuts in coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.
China is committed to safeguarding its sovereignty and territorial integrity and achieving national reunification, and "such determination is as solid as a rock", she said.
来源：资阳报