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China continues to build an average of two billion square meters of new buildings every year, driven by population growth, urbanization, and unprecedented economic development. As such, the building sector already accounts for approximately 20% of China's total primary energy consumption and 25% of GHG emissions. In the next 20 years, Chinese cities are expected to add a further 280 million citizens, as China becomes 70% urbanised.
China has made remarkable achievements in its new energy vehicle initiative since 2009, Song said. Much of that has to do with its focus on electric vehicles.
China delivered more than half the global growth in luxury spending from 2012 to 2018 and is expected to deliver 65 percent of the world's additional spending by 2025, according to the 2019 McKinsey China Luxury Report.
China has made steady progress in deleveraging, and the country's leverage ratio has been gradually lowered.
China has been the largest trading partner of ASEAN for 10 consecutive years, while ASEAN became China's second-largest trading partner in the first half of 2019, with bilateral trade up 4.2 percent year-on-year to 1.85 billion in H1, Assistant Minister of Commerce Li Chenggang told a news conference.
来源：资阳报