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China is likely to import products and services valued at more than trillion over the next five years, providing an opportunity for enterprises across the world to enter the Chinese market, according to the CIIE website.
China is contemplating more measures to improve the overall business environment for foreign companies focused on the services sector, including a lower cross-border investment threshold, a leading think tank said on Tuesday.
China has seen a rapid increase in wine imports from Australia in the past years. The volume of imported Australian wine surged by 113 percent from 56,700 kiloliters in 2015 to 120,800 kiloliters in 2019. The imported price decreased by 13.36 percent from ,759 per kiloliter in 2015 to ,723 per kiloliter, according to data from the General Administration of Customs.
China is now the world's second-largest civil aviation market. The International Air Transport Association (IATA) forecast that China is expected to become the world's largest by the mid-2020s.
China has slashed NEV subsidies by 50 percent since July and plans to phase out all subsidies by the end of 2020. The policy change weakens carmakers' enthusiasm to large-scale production and promotion of NEVs, the association said.
来源：资阳报