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China's logistics industry has been growing steadily thanks to government support that promises lower taxes and costs. In 2016, the gross revenue of the sector hit 7.9 trillion yuan (.1 trillion), up 4.6 percent from 2015.
China's current account surplus continued its decline in 2018, reaching 0.4 percent of GDP in 2018, according to the IMF's newly released annual External Sector Report.
China's foreign trade volume amounted to 22.91 trillion yuan in the first three quarters of this year, growing 2.8 percent year-on-year, the General Administration of Customs announced on Monday morning.
China's electricity consumption, an important indicator of economic activity, also rose significantly during the first half of this year, rising 9.4 percent to some 3.23 trillion kilowatt-hours in the first six months, a half-year record high during the past six years, said the administration.
China's foreign exchange regulator will likely focus on keeping the country's currency stable this year while allowing greater flexibility in the exchange rate, economists said on Monday, with some believing there may still be potential for the yuan's further appreciation against the US dollar.
