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China's new yuan-denominated loans stood at 1.25 trillion yuan (1.5 billion) in November, up from 697 billion yuan in October, and it was 126.7 billion yuan more than that recorded in the same period last year, showed the PBOC data.
China's government reasserted the importance of manufacturing in the Oct 28-31 Fourth Plenary Session of the 19th Communist Party of China Central Committee - especially calling for modernization of the industrial chain and of applying science and technology to upgrading of the manufacturing sector. And, during a visit in September to the Zhengzhou Coal Mining Machinery Group Co, President Xi Jinping underlined the importance of developing the real economy through bolstering manufacturing to enhance high-quality economic growth. Xi said that while China has the world's largest manufacturing industry, efforts are still needed in realizing industrial transformation and upgrading through technical and industrial innovation to move the nation's manufacturing up the industrial chain.
China's holiday binge in the first eight days of October bodes well for the fourth quarter, UBS Global Wealth Management's Chief Investment Officer Mark Haefele said on Friday.
China's fiscal spending on medical services in 2017 was 1.4 trillion yuan, a 55.5-percent increase from 2013, accounting for 7.1 percent of national fiscal spending.
China's maternal and infant market is expected to see steady growth over the next decade, with online buying playing a vital role in bolstering consumption, due to rising demand from young parents pursuing high-quality lifestyles amid the consumption upgrade.
来源：资阳报