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Chinese people's consumption of services has been steadily rising over the past two decades. Use of transportation and telecommunication services, for example, accounted for 18 percent of urban residents' total consumption in 2018, up from only 7 percent in 1998, according to a report by Moody's Investors Service. Residential expenditures for services in education, culture and entertainment and healthcare also increased substantially in the past 20 years.
Chinese bike-hire startup ofo has signed a deal with Tianjin Fuji-Ta Bicycle to expand its fleet.
Chinese carmakers made bigger progress by scoring an additional 35 points compared with 2019, to reach 718 points. South Korean brands saw their satisfaction score fall by three points to 734.
Chinese consumers at home and abroad spent 5 billion on luxury goods in 2018, accounting for 32 percent of the global luxury market, according to consulting firm McKinsey. It said the outlay will rise to 0 billion this year, accounting for 65 percent of global growth and 40 percent of total sales in the industry.
Chinese ministry of Commerce and Kenya's ministry of Industry, Trade and Cooperatives on Thursday signed a memorandum of understanding on the establishment of a working group to promote trade between the two countries.
来源：资阳报