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China is forecast to be second only to the US in the total value of wine sales. Although exports to China represent only 4 percent of the all US wine exports, the Chinese market has grown more than 450 percent in the last decade, according to Wine Institute statistics.

China increased its deficit by 1 trillion yuan (9.5 billion) and issued 1 trillion yuan in special COVID-19 response bonds as part of a more proactive fiscal policy, with the Cabinet setting up a special transfer payment mechanism to funnel the 2 trillion yuan directly to prefecture and county governments.

China is expected to have attracted a total of 0 billion in foreign direct investment during the 13th Five-Year Plan (2016-20) period, and will offer its pilot free trade zones greater capacity to attract more global investment over the next five years, government officials said on Thursday.

China has the largest middle-class in the world, around 300 million and growing, accounting for 30 percent of the world's total. Morgan Stanley expects China to gain high-income status by as early as 2025.

China is expected to have the largest number of autonomous driving vehicles, 8.6 million, by 2035, including 5.2 million partially autonomous and 3.4 million fully autonomous vehicles, according to Boston Consulting Group's research. The US-based consulting firm found 76 percent of Chinese surveyed said they were open to riding in an autonomous driving vehicle, higher than the global average of 58 percent.