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"Chinese consumers also favor more high-end baijiu given upgrades in consumption, which has helped increased companies' profits," the report added.
"Countries and regions need to strengthen cooperation to together plug the funding gap by leveraging additional funding from various sources, from both government-led and private sources," according to Zhou.

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California, Berkeley.
"China's efforts to deleverage and step up banking regulation will mitigate future risks, giving investors stronger confidence in the ROE (return on equity) of the Chinese banking sector, which currently stands at 14 percent on average," she said.
"China's economic development is a process of actively integrating with economic globalization and constantly expanding its opening up," the NDRC said, adding that with better industrial, policy and legal environments, China has the foundation for opening up at a higher level.
来源:资阳报