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China is in the process of reforming its SOEs. These reforms are useful and needed. But, facile statements that ignore industry differences and the terrible track record of capital-intensive near-monopolies of other countries are, at best, misleading.

China is embracing a boom in winter tourism thanks to supportive government policies and increasing investment in infrastructure construction, according to a recent report by the China Tourism Academy.

China is increasingly gaining a greater presence in the global crude oil market in recent years, due to the internationalization of its currency, the launch of yuan-denominated oil futures, and easier access to the global crude oil market for domestic buyers, he said.

China has remained the world's largest NEV market for three consecutive years, as the country intensified efforts to encourage the use of NEVs to ease pressure on the environment by offering tax exemptions and discounts for car purchases. Some 777,000 NEV cars were sold in 2017.

China is the third biggest tourist source country for Paris after the United States and Britain with a total of 1.1 million trips in 2017. It is expected to climb to 2 million in about five years, Christophe Decloux, managing director of Paris Region Tourism Board, told Xinhua in a recent interview.