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China's domestic demand has steadily expanded, with consumption contributing 58.8 percent to economic growth in 2017, nearly four percentage points higher than five years ago.

China's consumer price index (CPI), a main gauge of inflation, rose 3.8 percent year-on-year last month, mainly driven by soaring pork prices, which rose 101.3 percent year on year in October, contributing nearly two-thirds of the CPI growth.

China's many industries, fields of human endeavor utilize a well-developed ecosystem to embrace the new technology

China's home appliance sector saw a strong rebound during the second quarter of this year, with total revenue rising by 2.64 percent on a yearly basis to 248.6 billion yuan (.6 billion), on the back of a healthy surge in online e-commerce retail, a new report said.

China's e-commerce behemoth JD.com denied the "mass layoff" rumor on Tuesday and claimed it had reported the case to the police.