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Chinese exporters have from 20 to 50 percent of the US market in other low-value-added markets, plus electrical machinery and equipment, mechanical appliances, and iron and steel. In most other categories, China has less than 20 percent of the US market.
Chinese exporters will increase efforts in brand building and product structure adjustment to avoid potential future business losses brought about by an ongoing trade dispute between China and the United States.
Chinese companies and institutions are accelerating their application of internet of things technologies to improve their efficiency and provide added-value to their customers.
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 companies have built hydroelectric plants and solar projects, laid down high-voltage transmission lines, and erected highways and bridges.
来源：资阳报