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China's demand for steel has peaked and the coming 14th Five-Year Plan period (2021-25) will witness a decrease in steel consumption in the construction industry, while demand in the manufacturing sector is expected to remain at the same level, according to a senior official.
China's largest travel agency Ctrip has launched a train ticketing app in the United Kingdom called TrainPal, which promises savings to commuters in Britain through a "split ticketing" smart tool and no booking fee.
China's foreign exchange reserve will basically remain stable given the stabilizing economic growth prospect and the stable foreign exchange rate, the central bank said on Friday.Zhou Xiaochuan, governor of the People's Bank of China, said the country's foreign exchange reserve has been affected by international asset prices but there have not been any major changes in China's balance of international payments.The country saw its foreign exchange reserve drop to the level of trillion in January of last year and then it increased continuously over the past 12 months, according to Pan Gongsheng, vice-governor of the central bank and the head of the State Administration of Foreign Exchange.Pan said China's economic fundamental and foreign exchange rate will stay relatively stable and the country's foreign exchange reserve will also remain basically stable.
China's expenditure on technology research and development rose 10.6 percent to 1.57 trillion yuan (8.1 billion) in 2016, the fastest annual growth since 2014, as the nation increases its investment in new driving forces to stabilize the economy.
China's coffee consumption was up by 16 percent a year over the past decade, according to the International Coffee Organization. The coffee market in the Asian country was worth .5 billion in 2017, according to Euromonitor.
来源：资阳报